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Canada going Greek. Recession looms; Harper fails (Read 262 times)
Unforgiven
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Canada going Greek. Recession looms; Harper fails
Aug 5th, 2015 at 12:29pm
 
Perhaps David Jeffrey Spetch was correct and Canada is going Greek.

Stephen Harper (with a ph) is Canada's Tony Abbott. An abject failure who failed to understand how falling oil prices would damage Canadian economy, just as falling iron ore prices damaged Australia's economy.

In 4 years Canadian Dollar has plunged 40 % against USD from a peak of USD 1.05 to current USD 0.7582. Pretty much mirrors what happedn to A$.

http://www.theaustralian.com.au/news/world/canadian-pm-stephen-harper-races-rece...

Quote:
Canadian Prime Minister Stephen Harper has called general elections for October 19, kicking off a campaign for a fourth straight term in power amid a sluggish economy.

Mr Harper, in power since 2006, dissolved parliament late on Sunday after meeting Governor-General David Johnston.

Voters will be choosing all 338 members of the House of Commons, 30 more than in the last election because of a redistribution. Polls suggest the race will be tight.

Mr Harper said the election was about “leadership on the big issues that affect us all, our economy and our nation’s security”.

“It’s an election about who will protect our economy and ensure Canada’s future prosperity. The national election is not a popularity contest,” he said.

The economy is expected to be declared in recession next month when second-quarter GDP figures are released, but Bank of Canada governor Stephen Poloz called the recession last month.

The central bank last month slashed rates for the second time this year to revive an economy badly hit by lower global oil prices.

Mr Harper had planned to present himself as one of the first G7 leaders to post a balanced budget since the global financial crisis, bolstering his image as a strong fiscal manager.

That was dinged by massive job losses and lower royalties due to a drop in oil prices over the past year, and growing uncertainty about Canada’s economic future. The energy sector accounts for 10 per cent of national GDP.

Boosting national security is also likely to factor into campaigns, after attacks on Canadian soil last October by suspected lone wolf militants inspired by Islamic extremism.

The incidents — in one case a gunman shot dead a ceremonial guard and stormed parliament, and in another two soldiers were run over in Quebec, one fatally — provided Mr Harper with an opportunity to show his mettle on security. Instead, he has reaped scorn for dramatically expanding the powers and reach of Canada’s spy agency in the biggest overhaul of the nation’s anti-terrorism legislation since 2001.

“This election is also about ­security,” Mr Harper said.

He said Canada must confront “the violent global jihadist movement that possesses a direct threat to our friends, allies and to us here at home”.

Indeed, with the economy in bad shape, the Conservatives can be expected to play up security and terrorism issues and depict themselves as best suited to ­address them.

“They are going to play a lot on people’s fears,” said Guy Lachapelle, a professor of political science at Concordia University in ­Montreal.

Mr Harper is taking on Thomas Mulcair of the left-leaning New Democrats and Justin Trudeau, leader of the Liberal party whose father Pierre was prime minister for 15 years.

Mr Trudeau will try to lead the Liberals back into power for the first time since losing to the Conservatives in 2006.

In the latest polls, Mr Harper’s Conservatives and the New Democrats are neck-and-neck at about 32 per cent of voter intention, with the Liberals at 25 per cent. The Green Party and the Bloc Quebecois are also in the race.

The 79-day campaign will be one of the longest in Canadian history. Mr Mulcair attacked the premier’s record on the economy and said his own main goal will be to create jobs.

“I want to speak to every Canadian who thinks that Mr Harper’s government is on the wrong track. To every Canadian who is looking for change in Ottawa,” he said.

“We will kickstart the economy and get Canadians back to work. This is our No 1 priority.”

Mr Trudeau also pledged to work for economic improvement and help middle-class families.

“We want change that will make a real difference in the lives of all Canadians,” he said.
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« Last Edit: Aug 5th, 2015 at 12:38pm by Unforgiven »  

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Kat
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Socialism IS the answer.

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Re: Canada going Greek. Recession looms; Harper fails
Reply #1 - Aug 5th, 2015 at 12:40pm
 
As yet another neo-con drags his country into the gutter with his sick neo-con ideology.
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