Showing posts with label canada's debt. Show all posts
Showing posts with label canada's debt. Show all posts

Tuesday, March 27, 2018

A New Record In Canadian Debt

It is $1 trillion and counting. While I am by no means a fiscal hawk, such a high debt level should concern all of us, given the looming spectre of interest rate hikes, which means the cost of servicing that massive debt has only one way to go - up.

Sadly, Justin Trudeau's promise to grow the economy 'from the heart outwards' is turning out to be just another of his empty rhetorical flourishes. With no discernible plan to manage and pay down that debt, we should all be worried.

Go to the 8:33 mark for the full story: