Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Minyan Mailbag - Canada



Note: Our goal in Minyanville is to remove intimidation from the financial markets and encourage an interactive dialogue among the Minyanship. We share this next discussion with that very intent.


Excellent rant. It got me thinking about Canada's debt so I checked
out the figures (government figures so I don't even know how realistic
these are).

The federal debt is roughly C$530 billion (we have paid some down in the last few years, but that ability appears be coming to a close), so with 32 million people that averages out at C$16563, or U.S.$13250, per person. Not so rosy either. But, that's not the end of the unhappiness.

My province has significantly overspent for a generation. Ontario has
C$125 billion in debt; spread amongst 11.5 million that equals another C$10870, or U.S.$8700. And, there has been no surplus for years. Deficits coming for this year and for many forseeable years. So that figure will go up.

The grand total for this Canadian: C$27433, or U.S.$21950. Now, I have two kids (5 and 1) and a wife, so this family apparently owes: C$109732 or U.S.$87800. That bill better not come due any time soon as I am the only one working for the next ten years at a minimum (or so my wife says).

This is truly upsetting when seen in this light. It is enough to drive an otherwise lefty granola-cruncher to madness, or maybe Alberta, or maybe Uruguay.

Thanks and keep up the great work.

Minyan David Mahony

Thanks David,

Hmmm. It seems there are plenty of issues for the "alternate fiats" to the U.S. Dollar.

I would be interested in knowing how much of "the Farm" your elected representatives have sold so far. I see the Chinese / Noranda (NRD) deal didn't go ahead. Was it blocked by the Government or your equivalent to Australia's Foreign Investment Review Board? Or did the Chinese find a fatter target? What else has been on the "auction block"?


< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos