The global financial crisis is sending shock waves around the world, including Canada where a conservative minority government – which prevailed in a new election two months ago – now faces a possible vote of no confidence.
The government of Stephen Harper responded to the fiscal problems with a belt-tightening economic plan, rather than a new stimulus plan. That prompted liberal opposition parties to sign an agreement for ousting Harper and replacing his conservatives with a new coalition.
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Leo Panitch, a professor at York University in Toronto, comments on the political crisis.
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