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Opinion: Canada’s debt crisis will come from Washington

Our public debts are high but manageable. Americans' are high and growing unsustainably. A U.S. crisis could hit us hard

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Should Canadians worry about their governments’ debts? Yes, of course they should. But the bigger debt threat comes from Washington. The United States is on a fiscal path that is simply not sustainable, absent serious reform. A U.S. fiscal crisis would have grave consequences for Canada, and Canadians should start preparing now.

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Canada’s own public debt is not trivial. Ottawa and the provinces face real fiscal pressures from........

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