The Fiscal Cliff
The fiscal cliff is the projected amount of national debt that the United States Treasury expected to reach at the end of 2012. This is a figure that was hypothesized during the presidency era of George W. Bush when he developed new budget plans to cut down taxes in attempts to boost the American economy. This has direct regional effect on the United States’ neighbours because any economic downfall will create a second major recession in the United States which will slightly spill over to the other countries. The reason is that there will be increases in unemployment rates and product levels which will directly affect the trade volumes to both Canada and Mexico since the United States may import fewer goods.
Canada’s Assistance in Mali
Recently, Canada made a limited commitment to assist the French forces in Mali and provide assistance for the broader region. The French President François Hollande requested to Prime Minister Steven Harper for additional assistance and supplies from Canada beyond just one week of aid. However, Mr. Harper has not directly responded to the request and further assistance is still under consideration. The objective for sending assistance to the French forces was to provide aid to not just for the Malian nationals but also humanitarian assistance to Mali and nearby neighbours such as the Ivory Coast.