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article imageCanada: Prime Minister Delivers Six Point Economic Plan

Published Oct 15, 2008, by Bob Ewing
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The federal election was yesterday and the Prime Minister is already at work delivering a six point economic plan to deal with the stormy financial waters ahead.
The Conservatives won a minority in yesterday's federal election and today the Prime Minister has announced a six point economic plan that will guide Canada through the troubled times ahead.

"The No. 1 job of the prime minister of Canada is to protect our country's economy, our earnings, our savings and our jobs during a time of global economic uncertainty," Harper told reporters at a news conference in Calgary.

"The strengthened mandate we received from the people of Canada allows us to continue moving forward."

The federal government will:

* Hold a first ministers meeting to discuss the global financial crisis. Harper did not specify a date for the meeting.
* Continue to work with other G7 nations to take "appropriate actions" to support Canada's financial system.
* Summon Parliament to meet in the fall. Harper did not give a date for the resumption of Parliament.
* Send Harper to meet with European Union leaders later this week to discuss the economic crisis and strengthen Canada's economic partnership with the EU.
* Attend a summit of G-20 finance ministers in Brazil in early November.
* Continue a review of departmental spending.

A fiscal update will be issued before the end of November.

In addition, the government would take "whatever appropriate steps are necessary" to ensure the competitiveness of Canadian financial institutions in an uncertain economic climate.

The potential costs of a government plan to support financial institutions will not involve "significant outlays of taxpayers' money."

U.S. President George W. Bush and the Prime Minister, after Bush called Harper to congratulate him on his re-election, talked about the international response to the global credit crisis.
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