Canadian Finance Minister Jim Flaherty said on Friday he was trying to tamp down "euphoria" over the economy's imminent recovery, saying there was still a long way to go to climb out of recession.
"It's going to be a difficult year. I've been saying that, I try to calm the euphoria about ‘we're out of a recession'," Mr.Flaherty told CTV television in an interview.
Did Flaherty call Stockwell "I'm not kidding. The recession is over" Day, tweet him or via email?
In all seriousness, for once Flaherty seems to be hitting the right note, unlike his colleague. Today's figures confirm the government is wise to lower expectations, rather than looking out of touch when the optimism doesn't manifest.