Canada's foreign debt increases by $35 B in one quarter

mentalfloss

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
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Canada's net foreign debt grows in fourth quarter

(Reuters) - The appreciation of the Canadian dollar and continued foreign investment in the economy pushed up Canada's net foreign debt in the fourth quarter to C$213.1 billion ($220 billion) from C$178.4 billion in the third, Statistics Canada said on Monday.

The currency gained 3.1 percent against the U.S. dollar in the quarter and also strengthened against other major currencies.

The international investment position represents the value and composition of Canada's foreign assets and liabilities to the rest of the world.

Statscan said Canada's international assets declined by C$10.5 billion to C$1.6 trillion in the quarter and its international liabilities rose by C$24.3 billion to C$1.8 trillion.

Canada's net foreign debt grows in fourth quarter | Reuters
 
mentalfloss

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
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captain morgan said:
Cut-out the equalization payments and that amount is almost what could have been paid towards the debt.

Interesting, non?
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petros

petros

The Central Scrutinizer
Nov 21, 2008
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Obviously you feel many do. Buy their lazy asses tickets so that these jobs aren't handed off to immigrants. There is no excuse for provinces having to go overseas to find employees willing to relocate.
 
petros

petros

The Central Scrutinizer
Nov 21, 2008
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economic growth will depend entirely on a steady flow of people willing to uproot themselves and families to move
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Sounds familiar....

That is not to suggest Canadians are not willing to work. It’s just that many of us grew up expecting to dictate our terms for giving employers the honour of paying us for our labour.
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Sound familiar?

According to Statistics Canada, the unemployment rate in February dipped to 7.4%, largely because 37,900 fewer people, the majority in Ontario, stopped looking for work.
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Two buses daily, 10:40am and 8:15pm

****ing lazy people from ON. It's an ON problem not a Canadian problem.
 
mentalfloss

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
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petros said:
****ing lazy people from ON. It's an ON problem not a Canadian problem.
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It's because the industry is moving toward natural resources and away from manufacturing instead of creating a proper balance between the two.

It's funny how you follow the oil when it comes to foreign policy, but on domestic issues you play the fool.
 
petros

petros

The Central Scrutinizer
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Is it really? Is that what killed ON manufacturing or was it greenies back in the 80's trying to save maple trees?
 
petros

petros

The Central Scrutinizer
Nov 21, 2008
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Is a guy who works in ag or construction supply excluded when they hit seasonal lay offs too or just directly in ag and consumer retail?

More from the wonderful SUN article:
At the same time, many employers are experiencing a persistent shortage of
workers and can only fill the void through offshore hiring to keep their
businesses afloat.
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mentalfloss

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
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petros said:
Is it really? Is that what killed ON manufacturing or was it greenies back in the 80's trying to save maple trees?
Click to expand...

Oh puhleeeze.

I agree that there are some wasted investments there, but that's not what's doing Ontario in.
 
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