Is Canada’s balance sheet really the best in the G7? | Fact Check
Is Canada’s balance sheet really the best in the G7? | Fact Check Is Canada’s balance sheet really the best in the G7? | Fact CheckCanada has the best balance sheet in the G7 right now as fond of comparing Canada’s Finance stenosis of the US UK, France, Italy in Japan, but to get to the top spot. You also have to feed economic Powerhouse of Germany. That’S another story! So what is about? She anyway, that you’re looking at assets and liability right. The comparison is used because that’s what companies do, but it’s not as useful when we think about a balance sheet for government. It’S really the ability to generate taxes into future government assets, buildings lens even a new Pipeline, and when you subtract Canada’s assets from Canada and compare that to its gross domestic product, come out ahead of Germany easily be turned into Cash. The government is not like a company buys, it doesn’t have assets to which it it it. It uses to produce goods and services. In this case, the real issue is that the government has did the government raises more tax than spend. It runs like Germany, not like Canada, deficit asset to measure economy, most of the country’s debt-to-gdp ratio score. Germany is doing better than Canada, but Germany and Canada can both both better numbers than the other five members date. We been performing very well FACT CHECK: Justin Trudeau says Canada has the best balance sheet in the G7 right now, but does it?
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