Economic Problems and Commodity Prices

: It really that simple, according to The Toronto Star. Look around the world, we have another crisis downturn in Europe, we have a very significant slowdown and some other related economic problems now in China, we had very negative first quarter growth in the United States. Let me just state clearly what the situation is, there has been a downturn and the reason for that has been the downturn in the global economy, Harper said in Pickering, Ont. So those things have obviously affected this country and in particular through oil prices and some commodity prices. Those are things we don’t do, he said. Harper added that the federal government will not spiral ourselves into deficit and face credit downgrades, create an investment freeze by hiking taxes on businesses or take away tax breaks to Canadian families. (news.financializer.com). As reported in the news.

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