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Canadian economist warns Canada faces rising foreign debt
William Mackness of Scotiabank cautions that Canada's foreign debt has surged to 190 billion dollars, with a 37 percent debt-to-GDP ratio up from 19 percent ten years ago. He notes growing exchange rate risks and says high interest and heavy foreign borrowing threaten the economy. Continued on page 6.
MENTIONED IN THIS ARTICLE
U.S
Brazil
Argentia
Canada
William Mackness
Scotiabank
Mackness
Institute of Research On Public Policy
Mexico
Argentina