51
Canada increased holdings of U.S. debt by 27% last year
(www.visualcapitalist.com)
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That's not true. Inflation is VERY relevant. If money is losing its value then you want to have as much debt as you can because it's worth the most right now and will be worth less when you have to repay it.
It also means you don't want to loan money unless the interest rate is very high or you'll end up losing money.