How much is Canada in debt?

How much is Canada in debt?

What is Canada's population?

Where does Canada borrow money from?

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  • 8 years ago
    Favorite Answer

    How much is Canada in debt?

    "Canada's combined federal and provincial net debt will [has] pass[ed] $1.1 trillion [$1,100,000,000,000 in Canadian dollars] at 11 p.m. ET on October 3, according to a recent calculation."

    Reference:

    http://www.huffingtonpost.ca/2011/10/03/canada-deb...

    What is Canada's population?

    34,755,634

    Reference:

    http://en.wikipedia.org/wiki/List_of_Canadian_prov...

    Where does Canada borrow money from?

    "The Canadian government debt, commonly called the "public debt" or the "national debt", is the amount of money owed by the Government of Canada to holders of Canadian Treasury [the "holders" can be individuals, banks, various "institutional investors" and foreign governments] security. "Gross debt" is the national debt plus intragovernmental debt obligations or debt held by trust funds. Types of securities sold by the government include treasury bills, notes, bonds, TIPS, Canada Savings Bonds, and provincial government securities. ... Canada’s federal debt grew steadily between 5% and 10% per year until 1975. For the next 12 years it grew on average over 20% per year. It surpassed $100 billion in 1981, $200 billion in 1985, $300 billion in 1988, $400 billion in 1992, and $500 billion in 1994. It peaked at $563 billion in 1997. The debt then declined to $458 billion by 2008. With the recession, the federal debt grew by $5.8 billion in 2008-09 and is expected to grow by $55.9 billion in 2009-10."

    Canada's debt was $551.4 billion [$551,400,000,000] in 2011 and was projected to reach $586 billion [$586,000,000,000] in 2012.

    Reference:

    http://en.wikipedia.org/wiki/Canadian_public_debt

    Source(s): Please see references above.
  • Anonymous
    8 years ago

    Many provinces are in debt up to 200 million to 500 million.

    To get a better picture (like debt due to long-term development etc) see link below from Royal Bank of Canada (RBC) which provides a detailed look into the murky picture.

    Many countries borrow to develop projects so it is not uncommon to be in debt. However the ability to pay back debt depends on how project development goes. In the USA, it seems like many companies supported by the governments move their bases to tax havens overseas in order to pay less corporate tax. That can be a long-term issue too.

  • 8 years ago

    u need to research all the answers are online

    But Canada is not in as much debt as america who owe china trillions of dollars.

  • Anonymous
    6 years ago

    In every country have debt ,just settle your debt and ask advice attorney to fix debt.

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  • 8 years ago

    Whatever they are Canada is in much better shape than the USA. Im not gonna waste my time on some lazy Yankee kid explaining why.

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