A large portion of the massive Canadian federal budget deficits incurred during the late 1980s and early 1990s were financed by foreign investors.

Name: A large portion of the massive Canadian federal budget deficits incurred during the late 1980s and early 1990s were financed by foreign investors.
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Question

Quizplus · Accepted Answer

This statement is true. During this time period, Canada's national debt grew substantially and was financed in part by foreign investors buying up Canadian government bonds.

A Large Portion of the Massive Canadian Federal Budget Deficits