I think because we're such a trading nation, I think Canadians understand that first and foremost we're part of the global economy.
As I constantly remind Canadians, there isnt really a Canadian economy anymore. It is a global economy.
We got into a recession because the global economy went into the recession and we're a big exporting nation.
Part of the reason we're all committed to coordinated stimulus is we want to stimulate the global economy. We're in a global economy, not just our national economies.p
Our government has been in a surplus position up until this year. We should be able to recover to a surplus position shortly, as quickly as the economy recovers. So, we're able to do the kind of stimulus that you see in the United States without deteriorating our debt position in the long-term.
Canada is in budgetary deficit now only because of the recession, only because of stimulus measures, and we will come out of it. We will go back into surplus position when the economy recovers. So there is no need in Canada to raise taxes.
