The USA’s debt is about 30 times greater than Canada’s debt. Canada’s total debt is actually lower than the USA’s annual federal deficit. Canada’s *net debt to GDP ratio is far better than the U.S.’s at about 10% compared to over 100%.
Well I actually just divided $39 trillion by $1.3 trillion all by myself. I made a mistake in my comment and did not state that I was referring to net debt to GDP ratio, which the FRED and IMF and others track. You are correct that gross debt to GDP ratio favors the States. You are also obviously looking right past the column that shows the U.S.’s much larger gross debt, so I’m again curious why you just state “Canada’s debt is higher” when you can see that it isn’t.
I’m also the only one that actually bothered to include my source. There’s always multiple ways to compare. I would say both Canada and USA have a debt problem. Freeland resigned because the budget came in with a $50+BILLION dollar deficit, Carney’s last number was over $70B. (I didn’t look it up, the numbers may be a bit off)
You do realize Canada’s debt is higher than USA, right?
The USA’s debt is about 30 times greater than Canada’s debt. Canada’s total debt is actually lower than the USA’s annual federal deficit. Canada’s *net debt to GDP ratio is far better than the U.S.’s at about 10% compared to over 100%.
Did you specifically mean household debt?
If you lookup debt as a percentage of gdp
USA - 88.454%
Canada - 136%
If you compare debt by capita:
USA - $75.8K per person
Canada - $76.4K per person
I’m using numbers from here:
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Which source is telling you USA debt is 30 times greater?
Well I actually just divided $39 trillion by $1.3 trillion all by myself. I made a mistake in my comment and did not state that I was referring to net debt to GDP ratio, which the FRED and IMF and others track. You are correct that gross debt to GDP ratio favors the States. You are also obviously looking right past the column that shows the U.S.’s much larger gross debt, so I’m again curious why you just state “Canada’s debt is higher” when you can see that it isn’t.
I’m also the only one that actually bothered to include my source. There’s always multiple ways to compare. I would say both Canada and USA have a debt problem. Freeland resigned because the budget came in with a $50+BILLION dollar deficit, Carney’s last number was over $70B. (I didn’t look it up, the numbers may be a bit off)