Countries such as Canada that depend on foreign capital and are running significant current account deficits are even more vulnerable.7 This vulnerability is kept in check here at home by a sound record of prudent financial risk management and robust oversight of our financial institutions.
However, there’s no doubt that the debt burden would be easier to carry with a stronger trend line on incomes and the tax base. Priorities and principles for the future When it comes to people’s financial well-being, growth per capita and how it is distributed matter a lot.