The global financial crisis is sending shock waves around the world, including Canada where a conservative minority government – which prevailed in a new election two months ago – now faces a possible vote of no confidence.
The government of Stephen Harper responded to the fiscal problems with a belt-tightening economic plan, rather than a new stimulus plan. That prompted liberal opposition parties to sign an agreement for ousting Harper and replacing his conservatives with a new coalition.
(The story summary continues below.)
Leo Panitch, a professor at York University in Toronto, comments on the political crisis.
TheRealNews.com is an independent news network that produces stories of global interest.
Consortiumnews.com
is a product of The Consortium for Independent Journalism, Inc., a non-profit organization
that relies on donations from its readers to produce these stories and keep alive this Web
publication.