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Canada joins G-5 amid debt and deficit fears
The writer traces Canada’s entry into the Group of Five and outlines how the era of G-5 policy shifts coincided with Canada’s deepening debt, rising deficits, and high inflation. It notes Canada’s deficits climbing from 6 to 25 percent of savings and a looming debt near 330 billion, with taxes rising to cover interest.
MENTIONED IN THIS ARTICLE
Canada
U.S
Britain
France
West Germany
Japan
Mike Wilson
Italy
Versailles Palace
Paris
Pierre Trudeau
Allan MacEachen
Feds
Sumit