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Politics : Canadian Political Free-for-All

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To: lorne who wrote (8178)2/10/2006 10:30:59 PM
From: fresc  Read Replies (1) of 37309
 
High Government Debt and climbing, is what Mulroney left Canada with.

""Debt/GDP ratio refers to the amount of government debt relative to a country's income (total goods and services it produces in a year)
A high debt/GDP ratio will make a country less attractive to investment and put downward pressures on a currency
The preferred debt/GDP ratio is 40%
During the 1990s, Canada's debt/GDP ratio fell to 64%. However, this ratio remained far above the preferred level""
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