5 signs Stephen Harper’s economic plan just isn’t working
Conservatives talk a big game when it comes to managing the economy – but their record doesn’t match their rhetoric.
Here are 5 signs that Stephen Harper’s economic plan just isn’t working:
- We’re heading for another recession. GDP – a leading economic indicator – shrank in April for the fourth consecutive month. The TD Bank thinks we may already be in a recession.
- Thousands of Canadians are losing their jobs. A troubling 26,300 private sector jobs were lost last month alone, and more than 1.3 million Canadians are out of work in total – 200,000 more than before the last recession.
- Manufacturing sales are down – way down. Sales of Canadian manufacturing goods dropped by almost $50 billion in April. That’s the third decline in four months.
- Retail sales are down, too. As the sector continues to reel from massive layoffs, and closures of stores like Future Shop and Target, sales fell again in April.
- Private sector capital spending is in decline. This key metric of future economic performance is expected to fall by a whopping 7% this year.
When it comes to economic management, New Democrats have no lessons to take from Stephen Harper’s Conservatives. It’s no wonder that more and more Canadians are looking for change.