Canadian Prime Minister Stephen Harper said the resignation of his top adviser and two Conservative Party senators over questions about expenses should be followed by others if they aren’t working in the public interest.
Finance Minister Jim Flaherty’s determination to balance Canada’s budget in two years increases the likelihood the government will lean on Mark Carney’s replacement at the head of the Bank of Canada to boost growth in the nation’s economy.
Canadians’ optimism in the country’s economic prospects fell to its lowest in two years as the European debt crisis and concerns about the U.S. recovery dent consumer confidence, according to a poll by Nanos Research.
Canadians’ confidence in the economy has fallen to the lowest since the country emerged from last year’s recession as households damp their outlook for the recovery and real estate values, according to Nanos Research.
Canadian consumer confidence weakened in February to its lowest since 2009, according to a Nanos Research poll, amid concerns about the impact of government cuts in spending as a weak job market curbs incomes.