Not content to merely be known as the ‘Education Premier’, Dalton McGuinty has now taken to giving advice to the Bank of Canada – Ontario premier urges Bank of Canada not to hike interest rate.
He actually has the gall to talk about the need for ‘prudence’(!):
“It points to the need for continuing prudence,” he said.
“Try as we might, we cannot completely uncouple ourselves from the American economy. They’re our single largest trading partner and consumer confidence — American consumer confidence — is a powerful factor in determining the health and vitality of our own economy here.”
McGuinty made the remarks from a Toronto elementary school where he was promoting a new expense for Ontario: full-day kindergarten for four- and five-year-olds.
The self-described education premier announced plans last fall to forge ahead with the costly project despite the economic downturn and warnings of a record-setting deficit.
The program, which is expected to cost $1.5 billion a year once fully implemented, is being slowly phased in over five years, starting with 600 schools this fall.
Ontario is also seeing higher inflation than other provinces, largely due to the July 1 implementation of the new harmonized sales tax.
Consumer prices in Ontario rose 2.9 per cent in July — the largest year-over-year hike among the provinces — with the HST accounting for about 1.3 per cent of that increase. Canada’s annual inflation rate rose by eight-tenths of a point to 1.8 per cent, according to Statistics Canada…
Is it possible that Dalton McGuinty is finally beginning to wake up to the possible nightmarish consequences of his many disastrous policies?
Nah, he’s just hoping he can get away with it.

