Mark Carney made statements in advance of Harper’s budget that Canada’s recovery would be quick. This was before the budget details were known. As such, we need an update from Bank of Canada Governor Mark Carney that:
(1) Outlines the incremental effect of Harper’s stimulus measures on Carney’s forecast, if any, in light of Harper’s $83 billion deficit budget
(2) Takes into account the contrary view taken today by the IMF:
IMF darkens outlook for Canadian economy
Updated Wed. Jan. 28 2009 12:13 PM ET
The Canadian Press
OTTAWA -- The International Monetary Fund is darkening its outlook for the Canadian and world economies, throwing into question some of the projections made by the Harper government in its budget Tuesday.
The new global outlook, released Wednesday, sees the world falling much deeper into recession than previous forecasts, but also projects a more feeble recovery than either the Bank of Canada or the budget assumes.
Wednesday, January 28, 2009
Posted by Fillibluster at 1:14 PM