The Canadian Press

2008-11-23 | Harper Recession

Preview Clip

Prime Minister Stephen Harper announced on November 23rd that Canada was slipping into recession. Harper said an "unprecedented stimulus' was being considered. Harper wouldn't elaborate on what measures the Conservative government might undertake to stimulate the economy. But he said whatever action was taken, he would need to be convinced that it would not lead to a prolonged deficit.

Date: 2008-11-23
Placeline: LIMA, Peru.
Source: The Canadian Press
Length: 23 seconds

Transcript Prediction: << the most recent private sector forecast suggests the strong possibility of a technical recession the end of this year beginning of next yes I am surprised at this time I'm also further surprised more importantly by deflation Airy pressure that they were seeing around the world this is a worrying development >>