Harper government plans deficits as deep as $30 billion
Thursday, December 18th, 2008
CBC News
December 18, 2008
A federal economic stimulus package will likely lead to a deficit in the $20-billion to $30-billion range for the 2009-10 fiscal year, a Prime Minister’s Office official told CBC News on Thursday.
Hours after the announcement, Harper confirmed in a television interview that the Conservative government was planning to take unprecedented action to stimulate the country’s economy.
“Some people are talking in the neighbourhood of a five to 10 billion dollar deficit. Our own assessment is frankly that will not be sufficient given the challenges we’re facing,” Harper told CTV News in a year-end interview.
Canada’s spy service has been listening to telephone conversations between terrorism suspects and their lawyers for the past 18 months as part of a strict monitoring program developed by the government.
Swedish anti-corruption agents are investigating allegations that pharmaceutical giant AstraZeneca influenced the awarding of this year’s Nobel Prize in medicine.