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.