The Real Cause of Inflation in Canada
- Thread starter milwakeelight
- Start date
The International Monetary Fund's (IMF) World Economic Outlook reports that for 2021 Canada's net debt-to-GDP ratio was 32% and the gross debt-to-GDP ratio was 113%.[51] According to the IMF, for the last 15 years, Canada had the lowest net debt-to-GDP ratio, at around 33%, among G7 countries.[52] The IMF notes that Canada's general government holds sizeable financial assets, including securities, loans and equity holdings. These rose sharply during the COVID-19 pandemic (to 81% of GDP in 2021 from 64% in 2019), spurred by support measures such as loans to businesses and tax deferrals (accounts receivable).[53]: 39 Canada's general government gross debt includes substantial accounts payable (around 18% of GDP at end-2021), which many advanced countries do not report. In net debt calculations, most advanced economies remove accounts payable and receivable, as well as equity holdings, but Canada includes equity assets, and both accounts payable and receivable.[53]: 40 Approximately a quarter of general government total financial assets are pension fund investments.[53]: 39 The IMF's general government debt calculation excludes unfunded pension liabilities, to maintain comparability with other countries.[53]: 40
The general government gross debt to GDP ratio for countries the IMF classifies as Advanced economies that have a population of at least 5 million is shown in the table below. In 2022, Canada had the third lowest level of gross public debt as a percent of GDP among the G7 countries – lower than Japan, Italy, the United States, and France, but higher than Germany, and the United Kingdom.
Righties, how do you explain that Canada has such a low level of public debt - compared to other G7 countries - if Trudeau is doing such a bad job?
He's actually doing a very good job, right?
So go read the facts and then come back and correct or delete all your inaccurate posts.
The general government gross debt to GDP ratio for countries the IMF classifies as Advanced economies that have a population of at least 5 million is shown in the table below. In 2022, Canada had the third lowest level of gross public debt as a percent of GDP among the G7 countries – lower than Japan, Italy, the United States, and France, but higher than Germany, and the United Kingdom.
Righties, how do you explain that Canada has such a low level of public debt - compared to other G7 countries - if Trudeau is doing such a bad job?
He's actually doing a very good job, right?
So go read the facts and then come back and correct or delete all your inaccurate posts.
dude.... Every country that major inflation post COVID is firing the politicians who caused it
Trudeau is next.
i did look it up
Trudeau did borrow more. and a whole lot more
He has financial hamstrung future Federal governments for the next 50 years
unbelievably irresponsible
and the story get worse on Monday
Canada Government Debt
Government Debt in Canada increased to 1173.01 CAD Billion in 2023 from 1139.98 CAD Billion in 2022. This page provides - Canada Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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it is probably best you grow your own wheat, mill it and bake it in between harvesting your own fruits and vegetables after hunting / slaughtering / plucking feathers from your protein
It was basically
Justin Trudeau: I have nothing to do with inflation. It's a global issue caused by covid.
Bank of Canada: Interest Rates will be going up to 5%, until inflation lowers.
Justin Trudeau: I now take responsibility for driving inflation up and I'm committed on working harder to bring down inflation.
debt as a % of GDP is a ratio which will increase during a recession
your monkey could do a better job
the federal govt will spend over 50 billion on interest alone in 2024
you will have a lot of correcting to do
1. is that for the exact same basket of grocery items ?which Country has the carbon tax oh look Pierre is wrong again!
2. the % start point is 0 % so it is a relative comparison fixed off of the exchange rate in 2019
3. the starting point is 2019, I believe Pierre mentioned since 'Justin Trudeau took office in 2015. I could be wrong , however 2019 seems like a odd time for Pierre P to reference
I could be wrong again, however Pierre P will have people working for him to check these facts .
your chart does not absolve Trudeau of his irresponsible mis-management of the govt finances
evidentially ''budgets do not balance themselves''
the inflation is a problem for both countries caused by printing money
do not pretend the carbon tax is not inflationary
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