Wow, who would have guessed that Canadian politics could be this exciting? For the benefit of my American readers who are enjoying Thanksgiving holidays, here’s a little update from Canada.
It seems the opposition Liberals, the New Democrats and the separatist Bloc Quebecois aren’t happy with a fiscal update from the ruling Conservatives that contains no fiscal stimulus to help jumpstart the economy. The opposition parties have all said they will vote against the package. If they did, it would be a vote of no confidence and the Conservative government would fall.
Now, there are two scenarios if that happens: Either the Governor General calls an election, which would be a ridiculous situation given that we’re in the middle of an economic crisis and just had an election six weeks ago; or, the Governor General asks the opposition parties if they can form a coalition government. (more…)