Economy takes 3.4% dive
Quotes by Stephen Harper from the election campaign a few mere months ago:
"The only way there is going to be a recession is if they're (the Liberals) elected and that's why they're not going to be elected."
"My own belief is if we were going to have some kind of crash or recession, we probably would have had it by now."
"I think there are probably some great buying opportunities emerging in the stock market"
OTTAWA — Gross domestic product contracted at an annual rate of 3.4 per cent over the final three months of the year, the biggest decline since 1991, Statistics Canada reported Monday.
Exports fell 4.7 per cent, the sixth consecutive quarterly drop, which represents the longest slump in more than 60 years of records, StatsCan said.
Monday, March 2, 2009
Posted by Fillibluster at 8:54 AM