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Canadian Prime Minister Harper Says Country Not in Deficit, No Banking Crisis Print E-mail
Canadian Economy |  Written by CEP News |  Oct 06 08 22:46 GMT | 
(CEP News) - Stephen Harper said while he understands investors are shaken today, he does not believe government should make day-to-day decisions based on markets. Harper spoke in an interview with television network BNN.

The prime minister reiterated there was no crisis in the Canadian banking sector and the country has not seen a mortgage crisis like the one in the United States. "I don't think we should hit the panic button yet," he said.

On the subject of the upcoming election, Harper said in light of the trouble in commodity markets, his opposition has chosen terrible timing to advocate a carbon tax. "It is the worst policy you could have," he said.

He said his government will continue to keep business taxes down and keep the budget balanced.

By Megan Ainscow, This email address is being protected from spam bots, you need Javascript enabled to view it

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