Wednesday, September 16, 2009
Canada’s Economy To Follow US Downfall: Analysts
Contrary to what Finance Minister Jim Flaherty might think, there seems to be a great deal of interest in the national debt. Because talk of the debt in the budget speech was all but lost in the avalanche of “stimulus spending,” perhaps we can attempt to she some light on it, as well as the general state of the Canadian economy, and some future predictions.
Economics can often be more art than science, but we’ll try to deal give not-too-admittedly complicated answers to simple questions. Currently, Canadian National Debt is about $ 780 billion – a lot of dollars. And we are (and were) to pay interest on this debt at variable rates over the next 25 odd years overall, which works out to be about one thousand billion, or $1,000,000,000,000 one trillion (count them, 12 zeroes) in interest. Of this 1.6 trillion dollars of outstanding debt and interest already paid, only (maximum) 100 billion in recent years has ever been spent on actual programs of the Canadian government.
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“We’re very pessimistic, and we think there are going to be big issues in the Canadian real estate market,” Holly Allen, managing director for Price Waterhouse Cooper’s real estate practice in Canada said in an interview.
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Canada is screwed! I can't believe we have insane children running things.
ReplyDeleteCanadians are profoundly stupid.
ReplyDeleteThey shall be profoundly punished for it.
I'M GOING TO BAKE A BIG OLE HUMBLE PIE
ReplyDeleteFOR CANADA.
THAT WAY, EVERYONE IN CANADA CAN HAVE A BIG
FAT JUICY SLICE OF HUMBLE PIE.
EAT UP BOYS!
I am from Canada , so fuck off ! Our politicians mirror thos eof the US becasue they are put in place by the U.S , we the people only have the choice between the 4 evil idiots . This government in whole needs to be overthrown , the entire House of Commons needs to be hung and replaced in whole , its getting people to understand this is the problem !! People know more about Survivor and AMerican Idol then what hapens in their street neigbourhood !! Fortunetly i am awake , but what can i do i am in in 34 million here !!
ReplyDeleteBut still i can proudly say we have much more pride and knowledge then our dumb ass Uhmerican neighbours south of us !! You dumb fucks , i heard someone say the other Day , Isnt Canada our 53rd STATE , like WTF !!!Heard one called the Canadian $$ the Canadian peso !! At least Canada is posting very good numbers in international Standings as Education, Standard of Living , and most of all HAPPINESS. America isnt even on the Charts , the charts end @ 50 or 60 . SO please tell me , who is dumb ?
ReplyDeleteAt least our government would never allow , families being thrown out on their asses in the middle of winter becasue the are a few weeks behind on rent !!Otherwise i think we,d all have a taste of the black ashphalt !
ReplyDeleteOh dear, Trex. Now you done gone and did it.
ReplyDeleteYou HAD to open your stupid mouth and say
'our government would NEVER' thereby inviting, no, MANDATING, the very evil you hoped to banish.
Dumass.
Talking about debt, lets look at the US one. The debt in the US could cover everyone else's debt in the world! Plus there is no stopping it or ever paying it off.
ReplyDeleteTake care, Ella
I'm Canadian,
ReplyDeleteAmericans and Canadians are both very uniformed (if not ignorant)people.
Here in Montreal, most think we don't have a recession.Our medias a few month ago where telling us we where not affected at all,
even if we saw fiends and family loose their jobs.