本文发表在 rolia.net 枫下论坛Canada's Harper Doesn't Expect `Big Crash' in U.S. (Update2)
By Theophilos Argitis and Greg Quinn
Sept. 15 (Bloomberg) -- Canadian Prime Minister Stephen Harper said he doesn't expect turmoil in U.S. financial markets will lead to a ``big crash'' of the world's largest economy, and called for more ``sober analysis'' of the situation.
``My own belief is that if we were going to have some type of big crash or recession, we probably would have had it by now,'' Harper told reporters today in Ottawa. ``I wouldn't throw in the towel on any of this quite yet,'' he said, noting that the U.S. economy has shown ``resiliency'' in the past.
Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, today filed for the biggest bankruptcy in history after failing to find a buyer. Stocks worldwide tumbled on the news, including a 4 percent decline for Toronto's Standard & Poor's/TSX Composite Index.
Canada sends more than three-quarters of its exports to the U.S. and Harper said adjustments in that country's housing and financial markets means growth will continue to be slow. Harper, vying for re-election ahead of an Oct. 14 vote, said Canada's banks and consumers are on ``solid'' footing and the situation in the U.S. isn't expected to slow revenue or undermine his government's effort to maintain a budget surplus.
Harper is trying to frame his campaign around the economy, with growth this year forecast to be the lowest since 1992. The 49-year-old prime minister says the opposition Liberal Party's plans to implement more than C$15 billion of tax cuts and spending measures is too ``risky'' amid global uncertainty.
The governing Conservatives have said they won't make any major tax or spending announcements during the campaign.
Today, Harper pledged he would allow self-employed Canadians to begin contributing to the country's employment insurance program. The measure would be fully funded by new premiums, Harper said.更多精彩文章及讨论，请光临枫下论坛 rolia.net
By Theophilos Argitis and Greg Quinn
Sept. 15 (Bloomberg) -- Canadian Prime Minister Stephen Harper said he doesn't expect turmoil in U.S. financial markets will lead to a ``big crash'' of the world's largest economy, and called for more ``sober analysis'' of the situation.
``My own belief is that if we were going to have some type of big crash or recession, we probably would have had it by now,'' Harper told reporters today in Ottawa. ``I wouldn't throw in the towel on any of this quite yet,'' he said, noting that the U.S. economy has shown ``resiliency'' in the past.
Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, today filed for the biggest bankruptcy in history after failing to find a buyer. Stocks worldwide tumbled on the news, including a 4 percent decline for Toronto's Standard & Poor's/TSX Composite Index.
Canada sends more than three-quarters of its exports to the U.S. and Harper said adjustments in that country's housing and financial markets means growth will continue to be slow. Harper, vying for re-election ahead of an Oct. 14 vote, said Canada's banks and consumers are on ``solid'' footing and the situation in the U.S. isn't expected to slow revenue or undermine his government's effort to maintain a budget surplus.
Harper is trying to frame his campaign around the economy, with growth this year forecast to be the lowest since 1992. The 49-year-old prime minister says the opposition Liberal Party's plans to implement more than C$15 billion of tax cuts and spending measures is too ``risky'' amid global uncertainty.
The governing Conservatives have said they won't make any major tax or spending announcements during the campaign.
Today, Harper pledged he would allow self-employed Canadians to begin contributing to the country's employment insurance program. The measure would be fully funded by new premiums, Harper said.更多精彩文章及讨论，请光临枫下论坛 rolia.net