Maybe it’s time for a serious discussion about attracting capital from Hong Kong
Like many other countries, Canada has a monumental financial headache. That’s because COVID-19 has blown a huge hole in public treasuries.
The federal government anticipates a $343.2-billion deficit. The Canadian economy is expected to contract by 6.8 percent this year. And the federal debt-to-GDP ratio is forecast to go from 31 percent last year up to 49 percent in the current fiscal year.
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This is the backdrop to Providence Health Care’s recent sale of the St. Paul’s Hospital site at 1081 Burrard Street to Concord Pacific for nearly $1 billion.
Click here for the full story on The Georgia Straight.
