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What the bond market is saying about Canada's increasingly fast spending ways

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Contrasting Fiscal Strategies: Canada vs. U.S. Debt Dynamics

This chapter explores the intricacies of public debt management by comparing the borrowing strategies of Canada and the United States. It highlights the U.S.'s unique position of 'exorbitant privilege' in sustaining larger deficits, while addressing concerns over Canada's increasing deficit and its future fiscal policy challenges.

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