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Back in the market turmoil of 2008, Conservative Party Leader Stephen Harper said there were "probably some great buying opportunities out there." Mr. Harper was asked Monday if he saw the latest meltdown as another opportunity, though he declined to speak on the markets, turning instead to the economy. The New Democratic Party used the occasion to go on the attack:
However, markets have largely been on lengthy bull runs since Mr. Harper spoke of "buying opportunities." One year after his comment, the S&P/TSX index had climbed about 15.5 per cent. As of Monday's close, the S&P/TSX had risen nearly 33 per cent, while the S&P 500 had jumped 90 per cent.