On January 20, the Bank of Canada downgraded its 2016 growth forecast for Canada from an already meagre 2 per cent to 1.4 per cent. “Highly uncertain” were the words chosen by the usually optimistic bank to describe the economic environment.

The decade long rule of the Harper regime has come to an end. The Trudeau Liberals have formed a majority government, sweeping through eastern Canada and making large advances in Quebec and Ontario. Many Canadians heaved a sigh of relief as the election results came in. The perception is that the days of Harper’s right-wing reactionary policies are at an end.