Australia-Canada Economic Leadership Forum
Both countries avoided collapse of financial institutions during the GFC.
As a result stimulus was possible and effective.
But here’s a serious difference : Australia’s most proximate market is going gangbusters, Canada’s is flatlining. That is Asia is driving world growth but America is sluggish.
Curiously, both countries have minority governments.
Delegates were genuinely impressed by the opening night address of Premier Keneally who, in talking about NSW infrastructure spending, electricity privatisation, Barangaroo and the State’s triple A rating presented as a serious state leader.
(For more information on the Forum please visit http://www.auscanforum.com/)
Canadians ask about our politics:
I was explaining to a Canadian why the State Labor Government here was widely seen to be facing massive defeat. He had been impressed by the Premier’s agenda and her confidence as a speaker. Why is her government on the defensive?
I made reference to the party conference blocking privatisation of electricity, to the unnecessary axing of Premier Iemma and premature promotion of Nathan Rees, and to the diversion from a serious transport plan to the building of a Metro. And then in outlining the so-called Ministerial scandals – some real, some beat-ups – I was reminded of how many there were and how hard they make the Premier’s task and the extent to which they explain the drop in support from around 35 per cent to 25 per cent.
“These things weren’t in the script,” Kristina is reported to have told colleagues. She deserves credit for soldiering on.