Sentences with phrase «by provincial debt»

In 2015, federal debt was surpassed by provincial debt for the first time in Canadian history, and this trend shows no sign of slowing.»

Not exact matches

Even assuming, as the Parliamentary Budget Office does, that Ottawa's debt will steadily shrink and disappear around 2040, provincial, territorial and local governments are on track to swell Canada's total public debt to the equivalent of 100 per cent of GDP by 2070.

The charge of fiscal irresponsibility must be faced down, which you can do by pointing out that the BC Liberals have tripled the provincial debt.

In the 2006 Budget, the government promised to reduce the deficit by $ 3 billion per year; to reduce the federal debt - to - GDP ratio to 25 per cent by 2012 - 13; to eliminate the total government sector debt (which includes the federal, provincial and local governments as well as the Canada and Quebec pension plans) by 2021; and finally, to keep the growth in program expenses below the rate of growth in nominal GDP.

In normal times, Section 18 of the Act says the Bank can only buy (or sell) certain types of assets — coins, foreign currencies, federal and provincial / territorial debt, debt issued by the U.S., Japan or the European Union, International Monetary Fund (IMF) special drawing rights, and bills of exchange or promissory notes issued by a bank or authorized foreign bank provided they have a maturity of no more than 180 days.

Why does Canada have a youth unemployment rate of over 15 per cent; a federal debt $ 150 billion higher than when the they took office in 2006; a federation weakened by federal - provincial squabbling over health, training and pensions; greater uncertainty about retirement; widening income inequality?

Debt collectors are subject to PIPEDA (unless regulated by a similar legislation based on province, including Quebec, Alberta and British Columbia) as well as provincial laws such as Ontario's Collection and Debt Settlement Services Act.

Alberta had the highest provincial average, at $ 28,240 of non-mortgage consumer debt per person — up 1.8 per cent from last year — followed by Saskatchewan ($ 24,690) and British Columbia ($ 24,026).

Responding to abuse by unlicensed debt settlement companies, provincial governments began to crack down on most debt settlement practices.

Timely Completion Benefit: A new provincial Timely Completion Benefit has been introduced to help post-secondary graduates by addressing accumulated student loan debt and to encourage the successful completion of studies in a timely manner.

(3) The amount owed by a municipality for the police services provided by the Ontario Provincial Police, if not collected by other means, may be deducted from any grant payable to the municipality out of provincial funds or may be recovered by a court action, with costs, as a debt due to Her Majesty.

The program would then calculate the division of property and apportionment of debt, applying the presumptive scheme required by provincial law, assuming property and debt remain in contention.