- Says will see extended sluggish growth in much of the world .
- China acutely aware of fact trade/investment flows disproportionately in their favor , they realize this must change.
- Wants China-Canada trade relationship to flow in ways that benefit both sides .
- Repeats CNOOC bid for Nexen must be of net benefit to Canada, definition of net benefit is very broad .
- Says one issue at play in Nexen bid is that CNOOC is a state-owned enterprise.
- Incumbent on Chinese to show they will play by the same rules that Canada does.
- Says can’t make it a prerequisite for doing business with China that Chinese are “exactly like us”.
- Because of size of CNOOC proposal, government has to put into place policy framework for explaining Ottawa’s decision .
- Canada will retain safe haven status despite Quebec election result because people of Quebec do not want to separate.
- Says of potential threats to Canadian economy , he is most concerned about European crisis .
- United States must get a grip on it’s “very bad” fiscal situation .
- Says “frustrates all of us” that Europe not taking steps faster to deal with debt crisis .
- Ends with ” The social benefits that we depend on are based on us remaining a competitive, productive economy, ” Harper said . “If that is forgotten then everything is in jeopardy .”
USD/CAD trading around opening level of 0.9825/30.
