On Thursday (January 22) Canada’s Prime Minister Stephen Harper said he continues to be optimistic about the Canadian economy despite falling oil prices, and a overnight rate cut by the Bank of Canada.
The day before, the Governor of the Bank of Canada Stephen Poloz announced an overnight rate decrease of a quarter per cent to 3/4 per cent calling it “policy insurance” and a decision made as a result of the dropping oil prices.
Thursday, at a federal government funding event in the province of Ontario, Prime Minister Harper maintained the Canadian economy would improve and the government would balance the federal budget.
RCI’s Wojtek Gwiazda has a report.
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