o whom do Canadians owe most of the Canadian national debt?Multiple choice question.Owners of Canadian bondsThe Bank of CanadaThe World BankThe International Monetary Fund
Question
o whom do Canadians owe most of the Canadian national debt?Multiple choice question.Owners of Canadian bondsThe Bank of CanadaThe World BankThe International Monetary Fund
Solution
The majority of the Canadian national debt is owed to the owners of Canadian bonds. This is because when the government of Canada needs to borrow money, it issues bonds that are bought by investors. These investors can be individuals, corporations, or even other governments. The government then owes the debt to these bondholders.
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