Canadian PM Harper, until recently the leader of the only major economy on earth with a budget surplus, says it is essential for governments at all levels to run deficits at this time. We’ve had no problem doing that here in the States…
Harper also says he remains concerned by the “buy American” provision of the US stimulus plan, though he says it has been improved.
The Loonie has enjoyed a rebound today with the front-month oil contract up some 10%. We trade now at 1.2360 after stalling in the 1.2550 region again yesterday.
