Canada

Election imminent as opposition fails to back budget


Published

A general election is now imminent as opposition parties refused to back the Conservative’s fiscal plans yesterday (22nd March 2011).

Finance Minister Jim Flaherty presented his budget with C$7.6 billion in new measures designed to gain the support of opposition parties but this was not considered to be enough.

The opposition are hoping to bring down the government this week by voting against the budget measures as well as voting on a motion of no confidence on 25th March over accusations of contempt of parliament.

Two recent polls by Vision Critical/Angus Reid and Nanos Research put the Conservatives on around 39% (in 2006 they had 37.7%), the Liberals on 28%, the New Democrats on 20%, Bloc Quebecois on 10% and the Greens on 4%.

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact enquiries@tradebridgeconsultants.com