The Conference Board of Canada has waded in to the discussion about what the government should be doing regarding the economy. As central banks lose one of their most important bullets, the central bank interest rates, due to the fact that these rates are approaching zero percent, many thinkers are calling for governments around the world to jump in and provide some stimulus.In Canada’s case we are fortunate that our balance sheet can handle it. Many people will call for the heads of the government for taking us into a deficit, but trust me we need to do it. Brace yourself this deficit could go to $20 billion in order to accomplish what we need. Keep in mind we have had a good ride and if the government does not help the recvery will be longer and more painful then having a deficit would be.
Harper and Flaherty check this out…
December 17, 2008 | 7 : 43 AM
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