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Canadian Recession Deeper then Expected - March 11/09

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posted on Mar, 11 2009 @ 02:15 PM
Globe and Mail

OTTAWA — Canada's economy was harder hit in the final few months of 2008 than most people realize, the Parliament's budget watchdog warns in a report that takes some of the gloss off the upbeat assessment Prime Minister Stephen Harper gave Canadians a day earlier.

GDI plunged sharply in the second half of 2008 in Canada – by a degree that far exceeds what happened in the United States. It dropped by 15.3 per cent in the fourth quarter over the previous three months. This drop was ten times larger than the 1.5 per cent decline observed in the United States, Mr. Page's office said in its report.

Stephan Harper is so full of it, i want to puke.
This is another indicator that the Meltdown is far from over and the effects have only started to be felt.

posted on Mar, 11 2009 @ 02:25 PM
One day Earlier - Harper

TORONTO (AP) — Prime Minister Stephen Harper predicts Canada will emerge from the global financial crisis faster than any other country but said there won't be a recovery until the U.S. financial system is repaired.

It's like the Government is saying one thing, what do we believe. We are so relient on the US, that he can only say we will recover, only when the US banking system is fixed.

And then Bailouts;
he was saying we are in a better position, then today:

Toyota Canada seeks bailout March 11/09

I'm convenced Harper, NOT!

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