LatAm team has recently acted on a number of the first transactions in the re-opening of the Argentine capital markets, advising banks
on provincial debt issuances and corporate issuances
Stephen Gordon, the widely read Laval University economist, highlights the fact that
provincial debt surpassed federal debt for the first time in 2015.
In 2015, federal debt was surpassed
by provincial debt for the first time in Canadian history, and this trend shows no sign of slowing.»
(There's a charming chart in the budget book that shows Alberta with the
lowest provincial debt - to - GDP ratio, at six per cent.
The practice is based on
historic provincial debt collection legislation intended in part to provide consumers with voluntary debt consolidation service when no one will lend — before the availability of the consumer proposal embodied in federal debt relief, financial restructuring legislation.
In the long term, these OSAP changes mean that more than 80 % of all those who receive OSAP will graduate with
less provincial debt — a great value for low and middle - income Canadians and their families.
Ontario has benefitted from such low rates — the average rate
on provincial debt is now about 3.5 %.
While Canada's position is sunny by comparison, combined federal and
provincial debt is still $ 1.2 trillion, or about 78 % of GDP.
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.
Foreign investors grab up Canadian bonds After a one month dip, foreign investors are loving Canadian bonds again, largely federal and
provincial debt.
Our provincial debt has now doubled.
«We warned that Christy Clark's outlandish political promises to eradicate
the provincial debt and the sales tax essentially eliminated her government's bargaining position with LNG proponents, and we are seeing that in spades in the tax regime the B.C. Liberals introduced,» said Ralston.
It would create 100,000 jobs and eliminate
the provincial debt.
This, in turn, means our interest rates would immediately go up on
our provincial debt and thus meaningfully lower available funds for other government spending.
The University of Calgary's School of Public Policy released Fiscal Policy Trends Thursday morning which suggests
the provincial debt will impose substantial burdens on future taxpayers.
Most international comparisons find that Canada's combined federal and
provincial debt is low to middling compared to other developed countries, so we're not as badly off as some.