‘W
e presented a plan, a bold plan, Canada’s Economic Action Plan… That plan is working… The proof is in our performance,” boasted federal Finance Minister Jim Flaherty in his budget speech earlier this month. While Minster Flaherty’s comments are certainly great political rhetoric, the latest data from Statistics Canada tells a remarkably different story. Government stimulus had negligible effect on Canada’s economic turnaround in the second half of 2009. Put simply, the stimulus didn’t work. (more)
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