Today at a Senate committee hearing, Mr. Flaherty claimed that “no economist predicted the recession” prior to his tabling of the Harper government’s Fiscal and Economic Update on November 27, 2008.
This is simply untrue:
•TD Report Sept. 8, 2008. “...we believe the global economy is on the brink of a mild recession.”
•Scotiabank Global Economic Research, Oct. 3, 2008. “We are forecasting recessions for both the U.S. and Canada...”
•Bank of Montreal, Oct. 10, 2008. “I suggest that we will see a longer and deeper recession in the U.S. than many are thinking...recession is likely here as well...”
•TD Report Oct. 31, 2008. “We now deem it likely that the Canadian economy will formally tip into a recession at the end of this year.”
Tuesday, March 10, 2009
Posted by Fillibluster at 4:39 PM