Canada’s Debt By Province 2020

Those Are Ten Most Valuable Degrees In Canada In 2019
Those Are Ten Most Valuable Degrees In Canada In 2019

The Canadian economy suffered its worst three-month stretch on record in the second quarter as the economy came to a near halt in April before starting to recover in May and June.

Statistics Canada said Back in August 2020, real gross domestic product contracted at an annualized rate of 38.7 percent for the quarter, the worst posting for the economy dating back to when comparable data was first recorded in 1961.

Almost every single component of the economy used to calculate GDP was at its lowest point during the three-month stretch -driven largely by widespread lockdowns in April meant to slow the spread of COVID-19.

The Canadian government is borrowing billions of dollars and burning through cash and providing the most needed financial support to millions of Canadians across the country during this unprecedented time.

Canada is on the path to one trillion-dollar debt with our national debt sitting at $896.3 Billion as of October 08, 2020,

What is that mean for Canadian it means the cost of Government services such as Passport and immigration will increase and possible cuts to services in Education and Health down the road as we need to pay interest and the balance down on those national debts.

Canada’s National Debt

$896,318,087,170,655.27

Your Share of The Debt

$23,652.11

Growth Of Debt Per Day

$940,273,972.60

Per Hour

$39,178,082.19

 

Here Are Canada’s Debt By Province 2020

 

BRITISH COLUMBIA

British Columbia
Flag of British Columbia

B.C.’s debt is now growing by $4.5 billion in 2019-20 at a rate of $12.4 million every day.

BC Debt: $072,875,606,988.04

Your Share Of The Debt

$14,370.01

 

ALBERTA

Best Universities in Alberta
Flag of Alberta

Alberta’s debt is currently increasing at a rate of $290 per second, increasing by $9.1 billion in 2019-20.

Alberta Debt: $076,592,675,233.63

Your Share Of The Debt

$17,521.01

 

SASKATCHEWAN

Saskatchewan
Saskatchewan

April 1st starting point of $10.7764 billion, growing by the increase in GSO debt of $1.1577 billion to $11.9341 billion on March 31, 2020. For the end of fiscal 2019-20, the “Public Debt” is projected to hit $21.7 billion and the “Gross Debt” is projected to hit $10.9 billion.

Saskatchewan Debt: $012,542,897,205.43

Your share Of The Debt

$10,758.00

 

MANITOBA

Manitoba
Flag of Manitoba

Manitoba’s debt is slated to grow by $800 million in 2019-20, which is a rate of $1,522 per minute. Summary Net Debt” is used for calculating Manitoba’s debt. The numbers can be found on page 1 of the 2019 Manitoba mid-year

Manitoba Debt: $026,219,702,655.24

Your Share Of The Debt:

19,145.00

 

ONTARIO

Ontario
Flag of Ontario

Ontario’s debt on debtclock.ca is presented as “Net Debt.” In 2019-20, Ontario’s debt is growing by $483 every second and will increase by $15.2 billion during this fiscal year.

Ontario Debt: $361,761,224,565.49

Your Share Of The Debt

$24,835.00

 

QUEBEC

Quebec
Flag of Quebec

Quebec’s debt is projected to grow by $202.31 every second in 2019-20. It will increase by $6.4 billion this fiscal year. An alternative Quebec debt clock that includes unfunded pension liabilities, municipal borrowing and Crown debt.

Quebec Debt: $190,471,311,221.02

Your Share Of The Debt

22,488.00

 

NEW BRUNSWICK

New Brunswick
Flag of New Brunswick

New Brunswick’s Net Debt is decreasing by $259 every minute and will shrink by $135.9 million during the 2019-20 fiscal year. The most recent figures can be found on page 3 of the second-quarter report.

New Brunswick Debt: $013,751,426,096.20

Your Share Of The Debt

$17,702.00

 

NEWFOUNDLAND AND LABRADOR

Newfoundland and Labrador
Flag of NL

For 2019-20, Newfoundland and Labrador’s net debt is decreasing by $1.4 billion thanks to a one-time Atlantic Accord payment from the federal government. It is expected to grow again starting in 2020-21. Figures have been updated after the fall fiscal update.

Newfoundland and Labrador Debt: 013,201,073,955.29

Your Share Of The Debt

$25,311.00

 

NOVA SCOTIA

Nova Scotia
Flag of Nova Scotia

Nova Scotia’s net debt is projected to grow by $207 million in 2019-20. The numbers can be found online on page 7 of the 2019 provincial budget.
Nova Scotia Debt: $015,384,872,103.88

YOUR Share Of The Debt

$15,947.00

 

PRINCE EDWARD ISLAND

Prince Edward Island
Flag OF PEI

PEI’s net debt is projected to grow by $69.2 million in fiscal 2019-20. PEI’s debt on is “net debt.” The growth of net debt is taken from page 165 2019.

P.E.I Debt: $002,280,797,142.38

Your Share Of The Debt

$14,738.00

 

 

Source: | Statistics Canada | CTF