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the federal and provincial governments spend money like they are spoiled rich kids. you can not say that everything is public record, how about the expenditures of the CBC? and then there is the glass dome they are going to build on parliament hill that
Fraud
they deal with it by paying it back.
Our debt to GDP is not as bad as most The U K sold off its gold reserve at rock bottom prices in you factor in our gold and oil reserve we are in better shape than most
canadian debt clock news
Canada's housing starts in April a stunningly high 245000 units
May 9, 2012
Canada’s housing starts in April a stunningly high 245,000 units
Chief Economist, CanaData
Wow! What is one to say? New home starts in April were a stunningly high 244,900
Source: Daily Commercial News
Daily Market Update for May 9th, 2012
Overnight trade saw a continuation of the selloff started Sunday night following the Greek and French elections. The situation in Europe continues to dominate the price discovery with the Spanish ten year yield trading above 6% again and Moody’s set to go ahead with the 100 European bank downgrades that they had postponed last month ( http://www.bloomberg.com/news/2012-05-08/moody-s-bank-downgrades-risk-choking-european-recovery.html . The obvious effect has been further selling in the Euro, Franc Aussie and Canadian Dollars and the equity markets. Particularly hit hard has been the gold and silver, which, after showing signs Monday morning of potentially trading higher in a safe haven play, has since fallen below the psychological support hat held yesterday at 1600, now trading as low as 1579. As a purely precious metal, there would appear to be continuing very short term pressure but we continue to monitor the price discovery looking for that key moment when the ‘switch’ for gold gets turned on and the flight to quality ensues. For the silver, half precious/half industrial metal, the slope has been a bit more slippery in recent weeks as it has outpaced the gold to the downside. However, better Chinese manufacturing data overnight has led some analysts to look for a bottom here in the 28-29 dollar range ( http://www.bloomberg.com/news/2012-05-08/silver-forecasters-bullish-as-funds-retreat-from-slump.html ). The S and P market is pressing lower in an attempt to take out the low that was put in during the Sunday night session. The Euro and Franc have just taken out those lows.
Source: Inside Futures
Alberta Liberals turn back the clock to press NDP on power prices
Vying for status as the go-to, non-conservative option for voters, the Alberta Liberals are reaching back to their glory days.
On Saturday, the party rolled out its old debt clock, a prop used frequently by former leader Laurence Decore to strong effect two decades ago. Now, the VCR-generation device has been reprogrammed as a “shock clock,” showing the accumulation of Alberta power prices over the national average.
Source: Globe and Mail