Harper says new credit steps likely

Tue Oct 7, 2008 4:24pm EDT
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TORONTO (Reuters) - Prime Minister Stephen Harper, acknowledging that Canadian banks were facing a credit crunch, said on Tuesday the government would probably take some steps soon to alleviate those.

"In the last week the Bank of Canada announced some additional liquidity measures in the marketplace," the Conservative leader told CBC television ahead of the October 14 election.

"There will be likely be some things that the government will do in the marketplace in the next few days to deal with the credit crunch that we're seeing in some of our financial institutions... I'll talk about those when we do those."

(Reporting by Randall Palmer; Editing by Frank McGurty)

<p>Conservative leader and Canada's Prime Minister Stephen Harper speaks during a television interview in Toronto October 7, 2008. Canadians will head to the polls in a federal election on October 14. REUTERS/Chris Wattie</p>