The only
Canadian government debt relief program is a consumer proposal.
We're surrounded by numbers in the millions (executive salaries), billions (
Canadian government debt), and trillions (US government debt).
If the U.S. doesn't exempt
Canadian government debt under Volcker, then it would «significantly impede» how the banks handle their liquidity and funding requirements.
Standard & Poor's Financial Services assigns AAA sovereign rating to
Canadian Government debts.
Not exact matches
Canada's
debt - saddled
governments aren't in a position to reprise the 2009 stimulus spend, and
Canadian consumers definitely shouldn't be further stressing their credit cards and bank lines.
Throughout the instability of the European Union's
debt crisis, one thing has remained constant: the
Canadian government's refusal to help fund a bailout.
The
Canadian Medical Association, argued in its pre-budget submission that the
government should maintain access to the small business deduction for physicians, since they enter the workforce later in life and often with significant
debt, and unlike small businesses are unable to pass on higher costs to clients.
Manley contends the explosion in sovereign
debt caused by all the stimulus spending over the past two years is the biggest issue facing both the
Canadian government and the world's other major economies.
Since then, the
Canadian Taxpayers» Federation noted Wednesday, the
government has borrowed $ 161 billion to bring the national
debt to $ 618 billion.
When the next wave of public
debt distress hits foreign
governments,
Canadian investors, borrowers, and exporters will all be affected.»
Tomorrow, in part three of our four - part series «Why we can't stop spending,» we look at how
government policy has aided and abetted
Canadians» slide into unsustainable
debt.
Earlier this week, Bank of Canada governor Stephen Poloz also said the federal
government's steps to add to the public
debt in recent years has helped slow the rise in
debt accumulated by
Canadians.
As Bloomberg reported last week, some officials within the Trudeau
government are nervous the tightening began too soon, as
Canadians carry ample
debt.
Allowing inflation to drift upward to reduce
government debt is more favourable politically than raising taxes or slashing public spending, and that has implications for the
Canadian economy.
That would be every taxpayer's problem, and that's why
Canadians deserve to have a full picture of
government debt — wherever it might be hidden.
Unfortunately, most
Canadians seem to have drunk the conservative fiscal «grape juice» that all deficits and
debt are bad and that any
government that would run a deficit, no matter how small, is not a
government to be trusted with managing the country's finances.
The Conservative
government has run a deficit since 2008 - 09 and, has left future generations of
Canadians additional
debt of more than $ 150 billion.
The 2011 Shadow Budget, they argue, would protect
Canadians from possible
debt - market disruptions arising from sovereign -
debt concerns and would put federal
debt on a downward track before the pressure of population ageing on
government finances intensifies.
Economic growth has coincided with
Canadians and their various levels of
government taking on substantial
debt
Mr. Martin averted a major fiscal crisis, eliminated the deficit in three years, reduced the
government's
debt, strengthened the
Canadian banking system, and reformed the Canada Pension Plan.
But the
debt payment was conveyed through an intermediary company in which Mr. Malkin had a share, according to documents from the
Canadian government and Swiss investigators.
Government of Canada marketable
debt, which includes treasury bills and marketable bonds, is distributed through competitive auctions to
Government Securities Distributors, a group of banks and investment dealers in the
Canadian market.
We are accredited by the Office of the Superintendent of Bankruptcy to provide
government debt relief programs for
Canadians including personal bankruptcy and consumer proposal services.
The BOC manages the
Canadian government's public
debt and reserves of foreign exchange.
Participants in the Day of Action — organized by the
Canadian Federation of Students (CFS), a national organization representing over 60 colleges and universities and 400,000 students — asked the federal
government to boost aid to students already overburdened by
debts.
The
Canadian Federation of Students is preparing to take the federal
government to court in the name of student
debt.
The
Canadian federal
government is announcing new efforts to help graduates repay their outstanding loan
debt.
Research compiled by the
Canadian federal
government and Statistics Canada gives insight into the student loan
debt crisis in the country, and it's not all that different from what American students are facing.
The financial stability of the retirement cohort is a fundamental pillar of any developed economy, and if that pillar is crumbling, it means future generations of elderly
Canadians will be even more dependent on
government support, even more hobbled by
debt, and even more vulnerable to the kinds of economic swoons that we saw last year.»
Dominion Lending Centres recognizes and appreciates the
government's legitimate concern regarding the
debt load of
Canadians and concern related to housing affordability.
The federal
government is concerned about
Canadians»
debt levels.
November is financial literacy month in Canada, and for the seventh straight year the
government will encourage
Canadians to «take concrete actions to better manage their money and
debt, including making a budget, having a...
Speaking in a television interview with BNN, Mr. Carney issued his third stern warning on the issue in less than a week, underscoring how concerned the central bank and the federal
government have become about the fact that
Canadians»
debt - to - income ratio is now higher than Americans» for the first time in a dozen years.
Others criticized the B.C.
government's timing; offering a financial incentive just as new
debt numbers were released, which show how
Canadians have reached new levels of consumer
debt.
To preserve capital and to provide income and long - term growth primarily through investment in
debt securities denominated in foreign currencies issued by
Canadian or non-
Canadian governments, corporations and financial institutions.
However,
Canadian residents who are not US citizens are only taxed on certain US properties, such as US real property, shares of US companies, tangible personal property located in the US and
debts issued by US residents, including the US
government.
The
Government of Canada has created a committee specifically to improve the financial literacy of
Canadians part of who's mandate is to help
Canadians manage
debt wisely.
Future - thinking leadership and vision at Credit Canada is further rounded out by our phenomenal Board of Directors, comprised of seasoned experts and industry professionals, freely sharing their diverse array of business, education and
government experience to help uplift
Canadians struggling with
debt.
Kathryn Kotris, principal broker of Mortgage Architects in Toronto, feels if the
government sincerely wants to help
Canadians get a handle on their household
debt, this is not a strong place to start.
The
Government of Canada agrees that Licensed Insolvency Trustees are the most qualified professionals to help
Canadians deal with
debt.
It's surprising that, on a
government financial literacy committee whose mandate is to help
Canadians manage
debt, the lenders are represented, but the professionals that the federal
government acknowledges are
debt management experts, are not.
For example,
Canadian treasury bills, a form of short - term
government debt, have very little risk of loss — the risk of the
Canadian government going bankrupt over the investment term is very low.
We are accredited by the Office of the Superintendent of Bankruptcy to provide
government debt relief programs for
Canadians including personal bankruptcy and consumer proposal services.
This is theoretically legal providing the correct loopholes are passed through, although escaping from its
debt to the
Canadian government — which could total as much as $ 4m — may well prove more complex.
More recently, we produced a report in 2006 that demonstrated that nuclear energy was responsible for 12 % of the
Canadian Federal
Government's
debt.
As a
Canadian it blows my mind that we can have the second largest deposits of oil in the world, but our
government remains billions in
debt and one in seven
As a
Canadian it blows my mind that we can have the second largest deposits of oil in the world, but our
government remains billions in
debt and one in seven
Canadian children live in poverty.
While many of the twelve danger signs I outlined in my initial paper continue to be of concern, my number 11: «Massive increases in
government debt at all levels» continues to be a predominant issue (both in the U.S. and in every
Canadian province) and one that you need to be fully aware of as you plan for your firm's future trajectory.
This could be because CMHC has been mandated by the federal
government to curb the disturbing rising
debt load trend among
Canadians that has occurred during the last decade; and / or wants to trigger the premium it receives for «high - leverage» loans.
* The
Canadian government was concerned with a rising
debt - to - income ratio and changes to mortgage regulations in the past few years were a quick way to address the issue.