Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Condor who wrote (56219)	11/21/2004 9:56:11 AM
From: KyrosL	Read Replies (1) of 74559

Canada has made great strides in reducing its debt, running hefty surpluses in the last few years. Its debt to GDP ratio is around 40%, I believe the lowest among OECD nations, and is falling rapidly. In contrast, the corresponding US ratio has passed 60% and rising rapidly. I think Claude Cormier still remembers the early 90s when Canada's debt was rising rapidly and is afraid that those times will return. But, based on the fact that Canada is one of the few countries running both budget and trade surpluses for a number of years in a row, his fears may be misplaced. Among currencies I would say the CAD beats all others hands down.

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