Federal Finance Minister Jim Flaherty says there are no plans for a major economic stimulus package in next week’s federal government update on the economy.
Following the throne speech in Ottawa, Flaherty said the government has already cut taxes.
As far as relief for the struggling auto sector is concerned, Flaherty says nothing will be announced until Industry Minister Tony Clement concludes his visit to the U-S, where he’s on a fact finding mission about aid for North American automakers.
Meanwhile, Ottawa is looking to nuclear power as a way to secure Canada’s future energy needs while curbing greenhouse gas emissions.
The throne speech says nuclear power will help reach the goal of having 90 per cent of Canada’s electricity coming from non-emitting sources within a dozen years.
It calls nuclear a “proven technology,” and promises regulatory changes to ensure provinces can move forward with new nuclear projects.
Bruce Grey Owen Sound MP Larry Miller feels the new throne speech is a “steady as she goes” outline of how the government will weather the economic storm.
He is optimistic the Opposition members will work with the Harper government to address the concerns Canadians face in the economy.
