The Harper Regime on the Canadian economy suggest OGL should be asking Merkel for help over dinner:
1) S&P/TSX performance is the worst since 1998 relative to MSCI world index. Shares trail all of the world's 24 developed markets. Only Greece, Spain, Italy, and Portugal did worse.
2) 30,400 jobs lost in July increasing unemployment to 7.3%.
3) Household personal debt to personal disposable income at all time high of 154% exceeding the U.S. figure of 141%
4) S&P cuts credit rating for RBC and TD from stable to negative in July.
I'd be curious to know what the Harper Regime's supporters think of this performance.