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Federal debt nearly doubled from 2014–15 to 2024–25, approaching $2.1 trillion, with forecasts suggesting an additional $400.1 billion increase by March 2029 due to projected deficits in future plans. [12] [13] The per-person debt burden reached $51,467 by 2024, exceeding near-crisis levels present in 1995 by 12.3%. [14] [15]
The Canadian dollar touched a 4-1/2-year low against its U.S. counterpart on Monday before recouping its losses and Canadian bond yields rose, as investors weighed the fiscal implications of the ...
The Canadian federal budget for the fiscal years of 2023–24 was presented to the House of Commons by Finance Minister Chrystia Freeland on 28 March 2023. [2] The budget was meant to reflect Prime Minister Justin Trudeau's stated policy objective to "make life more affordable for Canadians" [3] while also reducing government expenditures.
* Loonie touches a 3-year high intraday at 1.2365 * Canadian new home prices rise 1.9% in February from January * Price of U.S. oil falls 0.9% * Canadian bond yields rise across a steeper curve By ...
* Canadian dollar strengthens 0.3% against the greenback * Loonie touches its strongest since Aug. 17 at 1.2573 * Canada's current account surplus widens to C$3.6 billion * Canadian bond yields ...
Canadian public debt, or general government debt, is the liabilities of the government sector. [ 1 ] : 23 Government gross debt consists of liabilities that are a financial claim that requires payment of interest and/or principal in future.
The loonie was trading 0.4% higher at 1.2310 to the greenback, or 81.23 U.S. cents. "It's a broad U.S. dollar move again today," said Erik Bregar, head of FX strategy at the Exchange Bank of Canada.
* Canadian dollar strengthens 0.4% against the greenback * Touches its strongest level since Nov. 16 at 1.2513 * Price of U.S. oil rises nearly 1% * Canadian bond yields trade mixed across the ...