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surplus hit $19.891 billion. Try this.... http://www.debtclock.ca/index.php?option=com_content&view=article&id=45&Itemid=42 and notice what it says at the bottom about the 11 years it took to wipe out the debt, three years of the Tories, wipe that out and now we are more in debt. Focused Protection, Civilian Deaths and Maryland's Police Forces, The Real Impact of Weather on Economic Growth. Actually, there are currently questions regarding GM and its claim of 'paying back' the loan: From: http://online.wsj.com/article/SB10001424052748703876404575200832185846038.html?KEYWORDS=general+motors#. Foreign investors mopped up the flood of new issuance by Canadian governments and companies, a sign the nation continues to be viewed a safe haven. Stay Updated Sign the petition. Government Debt in Canada averaged 315.18 CAD Billion from 1962 until 2019, reaching an all time high of 685.45 CAD Billion in 2019 and a record low of 14.83 CAD Billion in 1962. ), Erdogan Names Ally to Run Central Bank After Firing Governor, Moody’s Raises Greece’s Rating as Reforms Bring Progress. "Gross debt" is the national debt plus intragovernmental debt obligations or debt held by tr… "...the source of the funds for the $4.7 billion repayment is not GM earnings, but rather a Treasury escrow account. http://www.canadahistory.com/sections/politics/pm/pierretrudeau.htm. There was an error, please provide a valid email address. Sad, isn't it? Damn Conservatives.   Your previous content has been restored. The fact you did not start the Data at 1968 (Person surplus) and not showing PET's carzy spending of 70's -- his debt build up is now $382 billion (compounding intrest is a bit$h) I will not trust this blog for fair info. as Finance Minister. August while you seem to hit many of the primary points dead on, but Trudeau raised taxes throughout his term, raised program expenses even faster (even outside of recessions) and left massive deficits for Mulroney to finance at unheard of inflation rates. like many other nations, found it necessary to massively increase stimulus Spend money by providing stimulus to the economy! Clear editor. That's all the data that TD supplied. Sign up to receive the daily top stories from the National Post, a division of Postmedia Network Inc. A top Republican senator said General Motors' announcement this week that it will repay its federal loans early is "nothing more than an elaborate TARP money shuffle. Please try again. 2016), the federal government has run a surplus for only 13 years with all but Your Share on . But following the colossal costs of the Second World War — as well as a decade of steep budget increases overseen by Pierre Trudeau — both Liberal and conservative government have generally run budgets that cost between $6,000 and $7,000 per Canadian.

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