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Accounting for approximately 2% of all global reserves, the Canadian dollar is the sixth-most held reserve currency in the world, behind the U.S. dollar, euro, yen, sterling, and renminbi. [5] The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and ...
Percentage of population (including non-citizens) living on less than $2.15, $3.65 and $6.85 a day in 2017 international (PPP) dollars as per the World Bank and Our World in Data. [1] [4] [5] [2] Sorting is by country code .
The harmonized sales tax ( HST) is a consumption tax in Canada. It is used in provinces where both the federal goods and services tax (GST) and the regional provincial sales tax (PST) have been combined into a single value-added tax. [1]
The Canadian fifty-cent coin ( French: pièce de cinquante cents) is a Canadian coin worth 50 cents. The coin's reverse depicts the coat of arms of Canada. At the opening ceremonies for the Ottawa branch of the Royal Mint, held on January 2, 1908, Governor General Earl Grey struck the Dominion of Canada's first domestically produced coin. It was a silver fifty-cent coin bearing the effigy of ...
While Canada's ten provinces and three territories exhibit high per capita GDPs, there is wide variation among them. Ontario, the country's most populous province, is a major manufacturing and trade hub with extensive linkages to the northeastern and midwestern United States. The economies of Alberta, Saskatchewan, Newfoundland and Labrador and ...
The goods and services tax [1] ( GST; French: Taxe sur les produits et services) is a value added tax introduced in Canada on January 1, 1991, by the government of Prime Minister Brian Mulroney. The GST, which is administered by Canada Revenue Agency (CRA), replaced a previous hidden 13.5% manufacturers' sales tax (MST).
Canadian public debt, or general government debt, is the liabilities of the government sector. [1]: 23 Government gross debtconsists of liabilities that are a financial claim that requires payment of interest and/or principal in future. [2]: 207 They consist mainly of Treasury bonds, but also include public service employee pension liabilities. [1]: 23, 26 Changes in debt arise primarily from ...
National net wealth, also known as national net worth, is the total sum of the value of a country's assets minus its liabilities. It refers to the total value of net wealth possessed by the residents of a state at a set point in time. [1] Despite the name, figures in this article only cover household wealth and exclude government wealth, which may be substantial, as in China, or negative, as ...