Special Report:Global Financial Crisis
OTTAWA, Nov. 10 (Chinese media) -- Canada will speed up infrastructure investment
to spur the country's economy in the face of the global slowdown, Prime Minister
Stephen Harper said Monday.
"We all agreed, I think, that we should see infrastructure spending
accelerated," Harper told reporters after meeting with premiers and leaders of
the country's 10 provinces and three territories in Ottawa.
"This will help support general economic activity. I am very confident that
that is going to occur over the next year," he said.
Harper also discussed with the regional leaders about pension regulations
and the battered manufacture sector in the country, especially the auto sector.
He promised to examine all possibilities to help the auto factories in
Ontario and Quebec out.
While other countries have provided funds to bail out financial
institutions and industries left crippled by the crisis, Harper's government has
faced criticism for failing to take enough action.
Last month, the Conservative government agreed to buy up 25 billion
Canadian dollars (about 20.7 billion U.S. dollars) in bank-held mortgages in an
effort to inject liquidity in the system and free up credit funds for Canadians.
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