If this was golf, Flaherty might want to ask for a mulligan:
“Relatively speaking this is a mild economic recession"
Canada loses a record number of jobs in January 2009
Canada trade deficit biggest on record
Budget adds 57 billion to swelling deficit
Carney sees record drop in Canada's GDP
Canada faces worst recession since 1980s
Canada retail sales post biggest monthly drop in 15 years
I'd hate to see what constitutes a severe recession in Flaherty's world. Calling GritGirl?