• On January 27, 2009, the Federal Government unveiled its 2009 Federal Budget which included a stimulus package totalling $40 billion in measures over the next two years. The stimulus package includes over $10 billion in infrastructure spending and $20 billion in tax relief measures to help provide an economic boost and create more liquidity in the markets. The government has provided up to $200 billion in existing and new liquidity financing under "Extraordinary Financing Framework" in order to improve access to credit for businesses.
  • When President Barack Obama makes his first foreign trip to Canada, the Canadian oil sands will be on the agenda. The President's visit is planned for February 19, 2009. The oil sands deposits in Alberta, Canada are the biggest oil reserves outside of Saudi Arabia. Canada accounts for about 20% of US imports of crude and oil products.