The Picture of Provincial Debt: Part 9, Nova Scotia
The picture of debt in Nova Scotia is a conflicting one for sure. Nova Scotia has one of the lowest debt loads in the country, both in total public debt, and debt per capita. And while the recession was certainly felt in this province, you can barely tell by looking at the total amount of…
Read moreMark Carney Leaves Us for Bank of England
Well, it’s finally happened. Back in May when it was first brought up that Mark Carney may be leaving us to go head the Bank of England, he refuted the idea saying he “wasn’t contemplating it.” Now he has, and he’s leaving. It was announced yesterday, by the Bank of England Chancellor, George Osborne, that…
Read moreThe Picture of Provincial Debt: Part 8, New Brunswick
You could call New Brunswick “the little province that could” when you look at their debt and overall economic picture. While unemployment rates in this province are typically higher than the average you’ll find across other Canadian provinces; and the average family income is the second-lowest in the country, you may think that New Brunswick…
Read moreThe Picture of Provincial Debt: Part 7, Quebec
Quebec is known as one of, if not the poorest province in Canada. Quebec’s total government gross debt is currently at $183.4 billion, which is about 54.6 per cent of their GDP. The net debt of the province, which subtracts the province’s assets that contribute to their total wealth, is $114,122 billion, which is 34 per…
Read moreHome Renos May be the Answer to a Cooling Market
Home renovations are hugely popular in Canada, and they’re also extremely good for the economy. Last year, Canadians spent $66 billion on making renovations to their home; and in the GTA alone, renovations on residential homes provided 101,700 jobs that equaled $5.3 billion in wages. And while homeowners might be most interested in simply replacing…
Read moreA Picture of Provincial Debt: Part 6, Ontario
Out of all the provinces, Ontario and Quebec are always duking it out as the poorest province. Unfortunately though, Ontario is currently winning that race. Ontario is in pretty terrible shape when it comes to the amount of debt it owes, and there are a number of reasons for all the debt that it’s accrued….
Read moreA Picture of Provincial Debt: Part 5, Manitoba
Manitoba has been facing some pretty hard times the past couple of years. And while it’s typically easy in any province, to point fingers at the government and blame them for overspending, the debt Manitoba has accrued over the past few years is largely not their own fault. Still, this province is said to be…
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