It seems that the Harper minority victory which he promises to bring a “steadying hand” in times of economic turmoil isn’t exactly reassuring the Toronto stock market today, as it is currently down 518 points as of 3:30pm.
Meanwhile, Harper decides to do some more copying – this time rather then a John Howard speech, it’s of Dion’s economic 30 day plan that Harper just a couple of weeks ago was describing as Dion “panicking”. So, apparently Dion wasn’t panicking, but Harper decided to say so anyway for partisan political attacks. I’m sure CTV will get right on this contradiction. In a way, it sort of reminds of Trudeau attacking Robert Stanfield about wage and price controls, and then turning around and immediately implementing them after re-election. This is not dissimilar.
Well, as I said last night, we’ll see how much of a “steadying hand” Harper and his Cons. really are. Fortunately for us, Harper doesn’t have a blank cheque to do anything he wants, if he starts messing up, as I believe he will.
UPDATE: The TSX closes down 631 points. As Harper said last week, more great buying opportunities for Canadians.