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article imageCanadian PM tells G8 leaders to avoid more stimulus spending

By Stephanie Dearing     Jul 8, 2009 in Politics
Canada's Prime Minister cautioned world leaders at the G8 summit earlier today to not spend more money to address the recession, urging instead that the leaders ensure that "committed funds" get "out the door" faster.
On the heels of news yesterday that the Canadian government's financial planning for the recession contains some serious errors, Prime Minister Stephen Harper addressed his peers at the G8 summit that started today in Italy, saying that there is no need for any more stimulus spending. He said, "My own thought is before there's talk of additional stimulus, I would urge all leaders to focus first on making sure the stimulus that's been announced actually gets delivered," said Harper. "That's been our focus in Canada and I would encourage the same priority elsewhere."
His comments were countered with a statement released by other G8 leaders a few hours after Harper spoke about the recession. The draft statement says "the global economic outlook "remains uncertain." The leaders vowed to "to do whatever it takes -- including issuing new stimulus funds -- to strengthen the economy."
It has been reported that the leaders have agreed to prepare exit strategies from stimulus spending. Each country is to create its own exit plan, with the help of the International Monetary Fund.
The Liberal Party of Canada has been critical of the Harper government, saying that the Conservatives have not been getting the stimulus funding out quickly enough. In a recent release, the Liberals claimed that the Conservative government had caused the loss of several hundred jobs in Manitoba. In another example from the end of June, the Liberal Party claims that funding announced by the Conservative government in it's January budget for women's groups in Canada still had not been released, "failing the needs of Canadian women."
More about Summit, Stephen Harper, Stimulus spending, Economic crisis, Canada
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