VANCOUVER — Canada’s ambassador to the United States says one of the most important issues for Canada in the American election will be the winner’s ability to avoid the so-called “fiscal cliff.”
Ambassador Gary Doer is declining to say which candidate or party would be better for our country, but says the results could have a significant impact on Canada’s economy.
Doer says the president, Congress and Senate will need to immediately turn to dealing with the fiscal cliff — automatic tax hikes and spending cuts that will kick in at the beginning of next year unless a budget plan is reached.
He says failing to reach such a deal would be a major blow to the United States’ gross domestic product, which would immediately hurt the Canadian economy.
The ambassador says his office is prepared for a number of different scenarios, and will be ready to work with whoever wins.
The United States election is Nov. 6.
By The Canadian Press