So what was the big news of the day? “Canadians face a difficult year — perhaps several difficult years,” declared Governor General Michaëlle Jean in today’s throne speech from Parliament Hill.

Are you kidding me?!!?! I would have never thought. Although, now that I think about it, there have been some warning signs.

#5. The downturn in housing markets is still unfolding here in Canada, with reduced credit supply likely adding to pressures.

#4. The auto sector and forestry industry can barely stay above water.
(more…)

Today's Speech From the Throne

There’s no doubt the last few weeks in Canadian politics have been fairly boring and uneventful, especially relative to the recent coalition fiasco. But things sure look like they’ll be picking up again, fast.

Today’s Speech From the Throne paved the way for what is sure to be an exciting week in Canadian politics. Although today’s speech was only 4 pages long compared to the controversial November 19th speech 16 pages in length, it was jam-packed and heavily focused on our sagging economy. The exact details of the stimulus plan will be announced tomorrow, but according to today’s speech, massive efforts will take place to boost the economy through deficit spending.

Here’s what we do know about the stimulus plan to be announced tomorrow thanks to leaks from the Conservatives:
(more…)