Markets see ‘settling of nerves’ after dramatic drop, but recession talk is ‘brutally devastating’ for governments, say observers
If there is a recession, the Liberals' fiscal plan would go ‘out the window,’ says former business journalist Theo Argitis. Carleton’s Ian Lee says that underlying economic hardship means a change in fiscal policy direction is inevitable.
Investors’ nerves are beginning to settle after a rocky few days for markets in Canada and around the world, but the word “recession” creeping into the news is never a welcome sign for governments approaching an election, says pollster Nik Nanos.
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