The Canadian Press Baloney Meter examines the fed plan to shrink the country’s debt-to-GDP ratio to 27 per cent by the end of its four-year term
The finance ministry said restructuring would not include layoffs or privatizing state companies that serve a crucial public need.
The bank officially rates overall risk as “elevated,” one rung lower than the “high” level it has had in place since December 2011
The remaining $1 billion would be used as part of the “debt for aid” program
Retired Canadians hold less debt than those still working, however they are less likely to accelerate repayment
Analysts say massive debt load, not sluggish market, drove plane maker to chapter eleven
But not Ontario
The time has come for governments to start paying their bills and the Conference Board of Canada says for the global economic recovery to be sustainable, governments must strike a balance between managing this debt and maintaining some fiscal stimulus.…