Liberals Charge Conservatives Hide Blame for Economy

Justin Trudeau and the federal Liberals are climbing in the polls
Justin Trudeau, Prime Minister and Leader of the Liberal Party of Canada

Justin Trudeau and the federal Liberals are climbing in the polls
Justin Trudeau, Leader of the Liberal Party of Canada

OTTAWA – ELECTION 2015 –  Today the Federal Liberals are charging that Stephen Harper is blaming everyone but himself for his economic mismanagement. The Liberals in a media statement say the data shows Canada’s economy is trailing its G7 partners and even the vast majority of the G20:

  • According to this week’s Canadian Economic Outlook report, published by the Bank of Montreal, Canada was the worst performing economy in the G7 in the first quarter of this year.
  • The Bank of Montreal and the OECD have said that Canada is at the bottom of the pack when it comes to the economic performance of advanced industrialized economies.
  • Canada’s performance against of the world’s largest 20 economies does not improve the picture. The only countries performing worse are the Russian Federation – whose economy is crippled under the weight of economic sanctions – and Brazil, a country suffering from runaway public debt and an inflation crisis.
  • Despite Harper’s denials, Canada’s major banks have said that Canada is currently in a recession, while the U.S. economy is growing.

Despite the facts, Harper is still misleading Canadians about the recession and the deficit.

Just like with the Mike Duffy-PMO scandal, Stephen Harper is not telling Canadians the truth. He cannot be trusted.

Sources:

BMO Canadian Economic Outlook, August 21, 2015
BMO US Economic Outlook, August 21, 2015
BMO International Outlook, August 21, 2015
Scotiabank Global Views, August 21, 2015