. Canada ‘fairly close’ to a debt crisis, warns Magna founder Frank Stronach « JO LEE MAGAZINE

Financial Post – The Magna International Inc founder was speaking on BNN Bloomberg Wednesday after writing an op-ed for the National Post this week. When asked how close Canada was to a debt crisis similar to the one that threatened the country in the 1990s, Stronach said: “I think fairly close, you know, our debt rises about $400 million every day, right? So that should be a great concern.” In his op-ed, Stronach wrote that Canada is not immune to the slide toward bankruptcy…

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