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Posted on 25/07/08

It's 1974 all over again

A senior aide to prime minister Pierre Trudeau from 1976 to 1979.

Mark Twain said history doesn't repeat itself - but it often rhymes. What would Twain say about this example of déjà vu?Canada has had a minority government for more than two years. Parliament is becoming an increasingly ugly place. The stock markets in the U.S. and Britain have entered a "bear" phase while the Canadian market is doing somewhat better. Recession and stagflation talk is in the air.

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