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Canada's Liberal leader and Prime Minister-designate Justin Trudeau leaves at the conclusion of a news conference in Ottawa on Oct. 20, 2015. Mr. Trudeau scored a landslide victory in Monday’s election by exploiting the virulently anti-Stephen Harper sentiment that had permeated Canadian society, but his position on the economy helped him enormously.
Canada's Liberal leader and Prime Minister-designate Justin Trudeau leaves at the conclusion of a news conference in Ottawa on Oct. 20, 2015. Mr. Trudeau scored a landslide victory in Monday’s election by exploiting the virulently anti-Stephen Harper sentiment that had permeated Canadian society, but his position on the economy helped him enormously.
(Chris Wattie/REUTERS)

Justin Trudeau understands that timing is crucial to austerity

Canada is once again showing the world that there is a right time to launch austerity, and a wrong time. The Europeans got it dead wrong and, seven years after the financial crisis, they are still paying for their epic miscalculation. The Canadians would have continued to make the same mistake if they had voted in a Conservative or NDP government. Who would have thought that Justin Trudeau has spared Canada from a dose of austerity that would have backfired?