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Betting on a recovery, with little room for bad news

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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

From Wednesday's Globe and Mail

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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