Ontario is broke....forget the RoF
Ontario is broke....when I first began to check the Onatrio debt, it was around $280 billion, the lastest figures $304.4 billion...
The outstanding debt ib US dolllars, 53.4 Billion, each day that the dollars sinks the US debt rises....so we are down 25% in exchange, and so that is a 25% premium on the 53.4 billion, or 1.25 x 53.4 billion = $ 66.75 billion, 66.75-53.4 =13.35 Billion dollar increase in the last 6 months....this madness can't continue...only way to get the RoF started, is big private/commercial dollars.....
Province's Consolidated Debt Portfolio
$304.4 Billion Outstanding
Publicly-held Debt
The Province's publicly-held debt consists of funds borrowed from the general public and institutional investors.
Publicly held debt is $291.9 billion, or 96 per cent of total debt as at September 30, 2014, issued in the following currencies:
| • $222.6 billion Canadian dollars |
• $1.0 billion Australian dollars |
| • $53.4 billion U.S. dollars |
• $0.6 billion New Zealand dollars |
| • $9.4 billion Euros |
• $0.4 billion Norwegian kroner |
| • $2.7 billion Swiss francs |
• $0.3 billion Hong Kong dollars |
| • $1.4 billion Japanese yen |
• $0.1 billion South African rand |