Post by
kitkat1 on Aug 24, 2012 10:17am
National debt
Sorry... that is 1.2 "trillion" dollars in debt... and we have a much smaller tax base here in Canada with a fraction of the population that the US has. We could also experience a certain degree of currency devaluation.
Comment by
wdr2 on Aug 24, 2012 1:04pm
Everyday you show that you know nothing.The Canadian dollar would be much higher if the Govt. wasn't trying to keep it down.The manufactures hate it when the CD gets too strong.Just wait till this winter when oil and gas prices rise.You meant currency appreciation I'm sure .Right. wdr2
Comment by
wdr2 on Aug 27, 2012 7:26pm
We may be in better shape but the Canadian economy is insignificant in the global economy.What happens in the U.S. will directly effect the Canadian economy that is why we are looking for other markets .the U.S. debt is huge but who holds the debt.Trillions of foreign currency is in the U.S. so its"too big to fail". wdr2