September 25, 2008 / 5:10 PM / 9 years ago

PM says could be more U.S. financial woes

OTTAWA (Reuters) - Prime Minister Stephen Harper said on Thursday there could be more problems to come in U.S. financial markets and predicted the aftershocks from what has already occurred will last another year.

<p>Conservative leader and Prime Minister Stephen Harper speaks during a campaign rally in Courtenay, British Columbia September 24, 2008. REUTERS/Chris Wattie</p>

“I think this will continue to be a slow and a tense and a somewhat difficult period. My own suspicion is that not all the shoes have necessarily dropped in financial markets,” he told reporters in Victoria, British Columbia, when asked about the U.S. crisis and the potential impact on Canada.

A few moments earlier, referring to the slowdown in global and U.S. economic growth, he said: “My anticipation is that this will last for some period of time, probably for another year.”

Reporting by David Ljunggren; Editing by Peter Galloway

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