[Newsbot]

Title: Government debt in Canada set to top $1.3 trillion in 2016: Fraser Institute | National Post
Category: Economics
Posted By: shockedcanadian
Date: 2016-01-05 05:40:54
Canadian

[shockedcanadian]

A similar article is in the Toronto Sun. It's suggested there that in less than 10 years, Ontarios net debt has risen 91%. Wow. Talk about being a millstone around the neck of the rest of Canada. Does anyone consider how the grandkids are going to come into the world burdened with this?

[martin14]

shockedcanadian shockedcanadian:

A similar article is in the Toronto Sun. It's suggested there that in less than 10 years, Ontarios net debt has risen 91%. Wow. Talk about being a millstone around the neck of the rest of Canada. Does anyone consider how the grandkids are going to come into the world burdened with this?

No.


We ain't seen nothing yet, they have not yet begun to borrow and spend.



3rd hand source Facebook post:
Canadian Tire employee says 20,000 price changes coming tomorrow, thanks
to the dollar.

[2Cdo]

martin14 martin14:

3rd hand source Facebook post:
Canadian Tire employee says 20,000 price changes coming tomorrow, thanks
to the dollar.

And you know it isn't price reductions.

[sandorski]

martin14 martin14:

shockedcanadian shockedcanadian:

A similar article is in the Toronto Sun. It's suggested there that in less than 10 years, Ontarios net debt has risen 91%. Wow. Talk about being a millstone around the neck of the rest of Canada. Does anyone consider how the grandkids are going to come into the world burdened with this?

No.


We ain't seen nothing yet, they have not yet begun to borrow and spend.



3rd hand source Facebook post:
Canadian Tire employee says 20,000 price changes coming tomorrow, thanks
to the dollar.

The current value of the $ has nothing to do with Government Debt.

[Freakinoldguy]

That we're becoming Greece West faster than first anticipated is great news.

(sarcasm off)

[uwish]

Happens all the time with a Trudeau at the helm.

[Lemmy]

sandorski sandorski:

The current value of the $ has nothing to do with Government Debt.

No, eh? Tell that to the Swiss banks who hold most of our debt and who demand interest payments in Swiss Francs.

[sandorski]

Lemmy Lemmy:

sandorski sandorski:

The current value of the $ has nothing to do with Government Debt.

No, eh? Tell that to the Swiss banks who hold most of our debt and who demand interest payments in Swiss Francs.

Tell them what? That the $CDN is weak due to the price of Oil? I think they are well aware.

[OnTheIce]

martin14 martin14:

3rd hand source Facebook post:
Canadian Tire employee says 20,000 price changes coming tomorrow, thanks
to the dollar.

Many retailers do price changes on a weekly basis. Not a new practice.

[Freakinoldguy]

OnTheIce OnTheIce:

martin14 martin14:

3rd hand source Facebook post:
Canadian Tire employee says 20,000 price changes coming tomorrow, thanks
to the dollar.

Many retailers do price changes on a weekly basis. Not a new practice.

Given the direction this country is heading they'll be doing it hourly before long. I wonder how long it'll take Trudeau the Younger to drive our dollar down to below JC's previous record of 63.31 cents U.S.

http://www.theglobeandmail.com/report-o ... cle768949/

Go Liberals Go. Because as everyone knows a low dollar helps Canada.

[Lemmy]

sandorski sandorski:

Lemmy Lemmy:

sandorski sandorski:

The current value of the $ has nothing to do with Government Debt.

No, eh? Tell that to the Swiss banks who hold most of our debt and who demand interest payments in Swiss Francs.

Tell them what? That the $CDN is weak due to the price of Oil? I think they are well aware.

Let's try again. You said the current value of the dollar has nothing to do with government debt. Since we don't make the payments on our debt in Canadian dollars, it means that a low dollar makes servicing our debt more expensive. Therefore your statement was demonstrably incorrect. The value of our dollar has much to do with government debt because we must exchange our dollars to service it. Is that clear enough for you or would you like to double-down on your smartassness?

[sandorski]

Lemmy Lemmy:

sandorski sandorski:

Lemmy Lemmy:

No, eh? Tell that to the Swiss banks who hold most of our debt and who demand interest payments in Swiss Francs.

Tell them what? That the $CDN is weak due to the price of Oil? I think they are well aware.

Let's try again. You said the current value of the dollar has nothing to do with government debt. Since we don't make the payments on our debt in Canadian dollars, it means that a low dollar makes servicing our debt more expensive. Therefore your statement was demonstrably incorrect. The value of our dollar has much to do with government debt because we must exchange our dollars to service it. Is that clear enough for you or would you like to double-down on your smartassness?

Ugh, come on man, don't be pedantic. Certainly the value of the $ will make non $CDN debt servicing more expensive, but the Value of the $CDN has not been caused by Public Debt. Period.

[Lemmy]

sandorski sandorski:

Ugh, come on man, don't be pedantic. Certainly the value of the $ will make non $CDN debt servicing more expensive, but the Value of the $CDN has not been caused by Public Debt. Period.

Wrong. Public debt absolutely is one of the many factors that contribute to a currency's value. A country's domestic stability and security, its relative interest rate, demand for and price of its export products (oil being chief among them recently for Canada) all contribute to a currency's value. Public debt is one of those factors. National debt is a factor that plays a role in the overall attractiveness of Canada as a place to invest and that is reflected in currency prices. If our debt magically disappeared tomorrow, our currency value would surge as investors suddenly came to see Canada as a much safer place to park their money. So yeah, the value of the dollar is, in part, tied to public debt, but like the price of oil, it is only one of many influencing factors.

[Canadian_Mind]

Lemmy I like it when you talk about the economy and finances.