CLIP 16 – Quebec Debt – Low volume

CLIP 16 – Quebec Debt – Low volume


>>Peter: THAT’S A SENSE OF THE IMPACT ON CANADA AS A WHOLE, WHAT ABOUT ON QUEBEC?>>Amanda: THAT’S WHERE IT’S INTERESTING AND THE QUESTION IS HOW WOULD QUEBEC DO IN THE EVENT OF SEPARATION? TAKE A LOOK AT THIS, YOU’RE LOOKING AT THE AMOUNT OF DEBT THAT QUEBEC CARRIES WITH PROVINCIAL AND FEDERAL RELATIVE TO ITS ECONOMY. IT’S NOT AS PRECARIOUS AS ITALY, THAT’S THE RED LINE BUT IT’S NOT THAT FAR OFF EITHER SO EVEN IF THE SEPARATION TALK DOESN’T SEND THE LOONIE CRASHING IT COULD HAVE AN EFFECT ON THE BORROWING COSTS, ESPECIALLY IF IT BECAME CLEAR THAT CANADA WASN’T GOING TO BACKSTOP THAT BORROWING, SO WHAT ECONOMISTS WOULD AGREE IS THAT THE BOTTOM LINE IS SEPARATISM BECAME A REALITY IT MIGHT HURT THE LOONIE BUT DEVASTATE QUEBEC’S ECONOMY.

One thought on “CLIP 16 – Quebec Debt – Low volume

  1. That's utter MSM BS, the same ones that didnt predict the crash of 08, that dont mention the banking act of 1933 etc in the US, or the fraud of fractional reserve banking, that were raving about how Iceland was great before it collapsed(while non MSM like Max Keiser explained it was a house of cards). Showing a ridiculous graph like Debt/GDP with a single cherry picked country of reference and with no context is pure shite. Didnt show UK, US, Germany? Shameless propaganda. Be critical with MSM

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