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"Let me just state clearly what the situation is, there has been a downturn and the reason for that has been the downturn in the global economy," said Harper.

"We do not spiral ourselves into deficit so that we have credit downgrades. We do not start hiking taxes on business so that we have an investment freeze," said Harper.

But some economists say Ottawa should consider new stimulus money if the economy continues to slide.

"This is the time when the government has the opportunity to indeed step up spending for significantly important infrastructure, and with interest rates low it costs very little," Sherry Cooper, chief economist for Dominion Lending Centres, told CTV News.

Taken from: http://www.ctvnews.ca/politics/harper-rejects-stimulus-to-deal-with-canada-s-downturn-1.2464899

Corporations
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Economy
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