Canadian Prime Minister Says He's Best for Economy in Canada Election

Canadian Prime Minister Stephen Harper said he would be the best steward of an economy struggling with the slowest growth in 16 years and warned the country can't afford opposition plans for tax cuts and spending increases, reported Bloomberg.

Harper, 49, citing political deadlock in the legislature, met with Canada's ceremonial head of state today to request the dissolution of Parliament. An election will be held Oct. 14. Harper pledged to keep spending in check and defend the country's record of 10 consecutive surpluses.

The campaign will center on the best way to manage the economy and whether Canadians want the tougher environmental rules and higher spending proposed by the opposition Liberals, led by Stephane Dion. His plan for the world's eighth-largest economy calls for funding C$15.4 billion ($14.5 billion) a year in spending and tax cuts through a levy on fuel consumption.

``Canadians will choose a government to look out for their interests at a time of global economic trouble,'' Harper told reporters in Ottawa outside the Governor General's residence. ``They will choose between clear direction or uncertainty, between common sense or risky experiments, between steadiness or recklessness.''

The prime minister was 27 seats short of a majority in Parliament and relied on rival parties to pass laws. Most polls show neither the Conservatives nor the main opposition Liberals have enough support to win a majority.

Harper today said that the most likely outcome of the vote will be another minority government.

Of the 11 minority governments Canada has had, only two, including the current one, have lasted past the mid-point of their five-year electoral mandate. Harper's minority lasted 31 months, compared with 16 for the previous one in 2004.

The vote comes as weak U.S. demand for cars and forestry products is crippling exporters and consumers have struggled to pay record high gasoline prices. The economy had its first contraction since 2003 between January and March and the Bank of Canada says growth this year will be the slowest since 1992.

Harper says fiscal prudence will bolster confidence in the economy. The Conservatives have said they won't announce major new spending or tax cuts during the campaign.

Opposition parties have called for more aid to the lumber and automotive industries and tax relief for individuals and businesses to stimulate the economy.

Subscribe to Trend in Google News! Subscribe
Oil production up at Azerbaijan’s Bahar-Gum Deniz
Oil production up at Azerbaijan’s Bahar-Gum Deniz
Kazakhstan failed to create diversified economy – President Tokayev
Kazakhstan failed to create diversified economy – President Tokayev
Bahar Energy shares data on well fund in Azerbaijan
Bahar Energy shares data on well fund in Azerbaijan
Loading Bars
Latest
Azerbaijan commissions new military facilities in liberated Kalbajar district (PHOTO/VIDEO)
Oil production up at Azerbaijan’s Bahar-Gum Deniz
Kazakhstan failed to create diversified economy – President Tokayev
Uzbekistan eyes implementing projects with Japan in leather and footwear industry
Bahar Energy shares data on well fund in Azerbaijan
Kazakh president calls on local business circles to jointly build new economic policy
Number of active oil wells in Azerbaijan’s Bahar-Gum Deniz block down
Georgia publishes COVID-19 data for January 21
Central Bank of Azerbaijan acts prudently to curb inflation - Gazprombank
Azerbaijani oil prices increase
Bahar Energy reveals figures for natural gas wells
Uzbekneftegaz JSC reveals volume of production planned for 2022
Kazakhstan reduces production of diesel fuel
Turkmenistan has great potential for green energy initiatives – USAID
Georgia, Azerbaijan discuss customs cooperation
USAID eager to partner with Turkmenistan on low carbon development
Only Azerbaijani citizens older 18 allowed to visit liberated lands - adviser to minister
Azerbaijani currency rates for January 21
Uzbekistan shares domestic COVID-19 data for January 20
Oil falls as U.S. inventory build prompts profit-taking
MFA of Kazakhstan issues statement on European Parliament resolution on situation in country
Japan approves Pfizer's COVID-19 vaccine for children aged 5-11
2022 can be called the year of investments in Karabakh - Country Managing Partner of PwC (Interview) (PHOTO/VIDEO)
16,284 more COVID-19 cases reported in Kazakhstan
China, Russia delay U.S. bid to sanction North Koreans at U.N.
Turkey confirms 71,843 daily COVID-19 cases
New vaccine passport rules in France to come into power from next week
U.S. FAA approves 78% of planes for low-visibility landings near 5G airports
Gloomy Netflix forecast erases much of stock's pandemic gains
Turkey, El Salvador sign 6 agreements during Bukele visit
Austria becomes first country in Europe to mandate COVID-19 vaccination for all adults
Google launches fresh appeal to overturn $2.8 bln fine at top EU court
Russian, Iranian top diplomats confirm commitment to Vienna talks to restore JCPOA - MFA
Gas prices in Europe above $900 per 1,000 cubic meters
Tehran offers swap of Russian gas from Azerbaijan to southern Iran
Czech Development Agency eyes launching new projects in Georgia in 2022
Sudan military chief Burhan announces ministerial appointments: Sovereign council
Azerbaijani FM discusses issues of bilateral cooperation with Austrian minister
Azerbaijani FM meets with OPEC Secretary General (PHOTO)
UN General Assembly adopts resolution condemning Holocaust denial
Cavushoglu and Israel's Lapid hold phone call
Iran, Russia reach agreements in oil and gas sector, says minister
Children over 5 years old allowed to be vaccinated against coronavirus in Uzbekistan
Ankara expects to host Putin-Zelensky meeting - Erdogan
Turkey, Qatar agree on ensuring security at Kabul airport
Turkish Parliament speaker pays tribute to memory of martyrs of Azerbaijan's January 20 tragedy
Georgia slightly decreases imports of petroleum gases from Azerbaijan
US will keep probing diplomats’ health incidents: Blinken
Georgia shares data on cement imports from Azerbaijan
Kazakhstan Railways opens tender to buy spare parts
Azerbaijan's metallurgical production increases
Cost of manufactured computers up in Azerbaijan
Central Bank of Turkey makes decision on key rate
President Ilham Aliyev receives Advisor to French President's Cabinet and EU Special Representative for South Caucasus (VIDEO)
January 20 tragedy laid foundation for Azerbaijanis' struggle to restore their statehood and independence
Azerbaijan shares data on number of vaccinated citizens
Price indexes of industrial, trade sectors at Uzbek stock exchange rise
Azerbaijan confirms 1,186 more COVID-19 cases, 582 recoveries
Turkish VP tweets about anniversary of Azerbaijan's January 20 tragedy
Kazakhstan talks persons not eligible for support on loan deferrals, write-offs
Uzbekistan’s Bukhara oil refinery discloses volume of its production in 2021
Turkmen enterprise releases its first tablets and smartphones
Azerbaijan is beneficiary of recovery trend in hydrocarbon market - Gazprombank
Technical specifications of Azerbaijan’s Khizi-Absheron power plant revealed
Uzbek Central Bank makes decision on its main rate
Azerbaijan boosts oil exports to Georgia
State Statistics Committee discloses cost of machinery, equipment produced in Azerbaijan
Cars re-export from Georgia to Azerbaijan increases
Uzbekistan’s gas chemical complex reveals volume of its products for 2021
Kazakhstan unveils value of vehicles insurance over 11M2021
Kazakhstan reports increase in monetary base value
Kazakhstan's first president to retain right to speak at parliament and government
Azerbaijani Executive Power in Baku opens tender for purchase of truck spare parts
Tesla Berlin factory to elect works council on Feb 28
Kazakhstan to introduce two alternative ways to repay deferred payments
Introducing hydrogen as energy carrier can raise energy security risks
Impact of large-scale protests in Kazakhstan yet to play out - WoodMac
Azerbaijan's State Agency for Use of Mineral Resources opens tender on survey services
India’s cumulative COVID-19 vaccination coverage exceeds 158.88 Cr
PM Modi to host first ever India-Central Asia Summit in virtual format on Jan 27
Indian NSE world’s largest derivatives exchange for 3rd straight year
Artel launches Innovative Educational Center in Tashkent
Uzbekistan shares data on industrial production in 2021
Events held in Azerbaijani army, dedicated to January 20 tragedy (PHOTO)
Guides to accompany passengers of bus trips to Azerbaijan’s liberated Aghdam, Shusha cities
Can hydrogen market be cartelized?
Azerbaijani NBCO eyes boosting car loan portfolio
Memory of January 20 tragedy victims honored in Azerbaijan's Shusha (VIDEO)
Indian economic recovery yet to attain durability: Icra
Russia records another 38,850 coronavirus cases, highest daily number since Nov 13
PM to launch India-assisted projects with Mauritius counterpart Jugnauth today
Rapid growth of hydrogen to underpin rising demand for nickel, zirconium
Azerbaijani State Border Service to purchase building materials via tender
Iran’s CBI discloses data on balance of bank loans
Uzbek Statistics Committee reveals amount of construction work done in 2021
Azerbaijan's minister of health talks quarantine regime
Turkmen garment factory ramps up production
Iran reveals COVID-19 data for January 20
IEA expects Azerbaijan to increase oil output in 2022
Turkish MoD shares publication on anniversary of January 20 tragedy in Azerbaijan
All news