$252.1 Billion Deficit for Canada. Yep Skippy is one Smart Guy!

[chuckChuck]

And US taxpayers wont have to pay back the debt? LOL

[beaverdam]

Saskfarmer et al,,, you have to remember, that all of PM Blackturd's corona funding is for only 3 months !!!(well except for the student thing, which is 4 months)

What if Blackturd's Liberals don't see enough recovery with the virus, or what if a second or third wave hit, and they decide bank roll the Canadian economy for another three months or longer,,, you can add, say another 200 Billion.

And what if people still aren't back to work, are Liberals just going to stop funding Canadians??? will they stop funding their international friends??? My dear, what will the U.N. say about Canada then???
Trudeau will keep spending, just like his ol' man, and the next 2 generations will pay for it, their whole working life!

[Tucker]

And US taxpayers wont have to pay back the debt? LOL

'chuck until the US isn't the worlds reserve currency that's exactly what it means.

[sumdumguy]

The Summer Student Program had a February 28 deadline even though it was announced April 8.

[Austrian Economics]

A debate over the merits of Orange Man versus Skippy is really beside the point. Virtually every government on earth, local, provincial/state and federal, is now essentially insolvent. Virtually no government, whether headed by conservatives or liberals, has a hot clue about what to do when debt defaults start to cascade in the coming months. This is only the beginning, folks.

The economy is not a DVD player that can be seamlessly paused and restarted at will. Every pause causes significant damage to the existing capital structure. Business plans that are rendered worthless overnight will soon find themselves unable to service their debt.

[jazz]

A debate over the merits of Orange Man versus Skippy is really beside

That's true AE, but the US and Canada are not the same by virtue of the reserve currency and its demand. The dollar is still being snapped up around the world and will be for some time. That means creditors have faith in the US economy to weather this.

Only the BoC is buying our provincial and federal bonds which means nobody wants anything to do with Canada.

We are in a far weaker position.

[TASFarms]

And US taxpayers wont have to pay back the debt? LOL

The US will tariff the Chinese to pay for their incompetence

[canolacrazy]

correct, provincial bonds are getting harder to sell now, that's why the BofC is having to buy them to keep the provinces liquid. however, the feds can keep borrowing for some time yet, and they will. especially with our current PM in charge. but, the conservatives likely wouldn't be much better. interest rates are low.....until they are not. when the market decides Canada's bonds are junk, rates go up for risk premium. we don't know when that will be.
what we do know is ALL taxes are going up and soon, new taxes will be created, and creators of real wealth ie: farmers, will get nailed.

[SASKFARMER]

Yea if skippy and company are still around and yes they will be thanks to bloc and the ndp and green.

We could see a 400 billion deficit.

They will be coming after you and remember all you got from this shit show is a ****ing loan and they took your guns by a order in council.

[Misterjade9]

Oh they will be around alright. I agree with the pundits, this just assured many Liberal majorities. I can guarantee you that when things get back to somewhat normal the Liberals will call an early election and mop the floor with the conservatives.