Thursday, January 21, 2016

CANADA: It sure takes a lot of piling on of debt by governments (all levels), businesses and households in this country to keep our way of life going.

The following numbers are taken from the Statistics Canada website:
At the end of September, 2015 the total debt outstanding in Canada (bottom line of the credit market summary data table) was $6.70 trillion.
At the end of September, 2014 the total debt outstanding was $6.17 trillion. In the one year period from the end of September, 2014 to the end of September, 2015 it increased by $530 billion. This is an increase of 8.5%.
The approximate beginning of the global financial crisis was June, 2007. At the end of June, 2007 the total debt outstanding was $3.99 trillion. In the last 8-1/4 years it has increased by $2.71 trillion. This is an increase of 67.9%.
Looking at the total debt outstanding in Canada of domestic non-financial sectors (17th line up from the bottom of the credit market summary data table):
At the end of September, 2015 the total debt outstanding of domestic non-financial sectors was $4.86 trillion.
At the end of September, 2014 the total debt outstanding of domestic non-financial sectors was $4.54 trillion. In the one year period from the end of September, 2014 to the end of September, 2015 it increased by $323 billion. This is an increase of 7.1%.
At the end of June, 2007 the total debt outstanding of domestic non-financial sectors was $2.84 trillion. In the last 8-1/4 years it has increased by $2.02 trillion. This is an increase of 70.9%.
The start date of this Statistics Canada data table can be changed by clicking on the “add/remove data” tab at the top of the page.
http://www5.statcan.gc.ca/cansim/pick-choisir?lang=eng&p2=33&id=3780122

Terry

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