Canada 5th Largest Holder of US Debt

Contact Marko Gelo, he's a Mortgage Broker! 604-800-9593 cell/text Vancouver 403-606-3751 cell/text Calgary Call Marko via WhatsApp homefinancingsolutions.ca Canada just landed at #5 on the list of the largest foreign holders of U.S. government debt — $460 billion worth, according to the latest Treasury data. Most people's first instinct is that this must give Canada some kind of leverage over Washington, but Japan's own $1.1 trillion position proves that instinct wrong. I break down why the U.S. can sell this much debt so easily, what actually happened when Japan floated using its holdings as a bargaining chip, and why this whole dynamic quietly shapes the fixed mortgage rate you're offered. CLICK HERE to be redirected to the blog version of this episode. CLICK HERE to be redirected to Mortgagenomics Canada Podcast YouTube Channel CLICK HERE to download Marko's award-winning Mobile Mortgage App! Hosted on Acast. See acast.com/privacy for more information.