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Canadian PM reiterates economic worries for 2008
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10:47, January 01, 2008

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Canadian Prime Minister Stephen Harper reiterated his concern on Monday for Canada's economy in 2008, saying his priority in the New Year would be to shelter Canadians from uncertain global economy.

"We know there is considerable uncertainty in the world economy, in the American economy and we've seen very strong performance from our economy so far," he told reporters in Mississauga, Ontario.

"So obviously, our wish for the year is we're able to sustain that momentum and shelter as best we can Canadians from any fallout of global economic problems," he said.

Harper's comments marked another year-end warning from the Conservative government that the Canadian economy is headed for a year of turbulence, due to tighter financial markets and the fallout from a slowing U.S. economy.

With unemployment rate at a 30-year low, inflation under control and a booming housing market, Canada's economy has been robust for the past several years.

But the strong Canadian dollar and the sluggish U.S. economy may cause a slowdown in Canada's economy in the New Year, Harper said in a recent interview.

Source: Xinhua



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