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Budget hits and misses

CP Video - Tuesday, January 27, 2009 at 5:06 EST

After a torrent of leaks there were still some surprises in the 2009 federal budget. Canadian Press reporters Rob Russo and Bruce Cheadle look at the hits and misses in the financial plan

More stories attached to this video

• Ready, Set, Spend 
• Ottawa moves to open credit flows 
• One year of pain, and a quick recovery 
• Provinces expected to pour in $9-billion 
• Ottawa freezes EI benefit levels, premiums 
• Budget offers a $70-billion credit kickstart 
• Cash and tax breaks for the carbon agenda 
• Autos get a $12-billion boost 
• Fate of budget, coalition in Ignatieff's hands 
• Shipbuilding and transit spending for B.C. 
• Science gets a $4.3-billion injection 
• Aboriginal spending tops $1.4-billion 
• Ontario officially moves to ‘have not' status 
• Harper makes a deal with democracy to stay in power 
• Stimulus falls short for many women 
• Harper spends big, but can he go back? 
• Communities eager to upgrade arenas  
• Ottawa pins recovery on home reno boom 
• Car dealers welcome $12-billion boost 
• Text of Finance Minister Flaherty's budget speech 
• The Ceolins: We like it but wanted more 
• What previous governments did 
• Flaherty's got deficit religion – but can he attain fiscal salvation? 
• Ignatieff weighs budget response 
• Ignatieff puts Harper Tories ‘on probation' 
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OTTAWA — The federal budget is built on the belief that within a year all the stimulus packages being introduced around the world will fuel a stunning recovery for the global economy.

Not since the Great Depression have the world's major economic powers sunk into a recession at the same time, but, according to the government, the Canadian economy will shrink by less than 1 per cent this year and bounce back smartly in 2010.

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