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The Growing Debt Burden for Canadians

Canada’s combined federal-provincial debt will reach $1.5 trillion in 2019/20, Ontario debt highest among provinces


The Growing Debt Burden for CanadiansTORONTO—Since 2007/08, the year before the last recession, combined federal and provincial debt has grown from $837.0 billion to a projected $1.5 trillion in 2019/20, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Government debt—federally and in every province—has grown over the past 12 years, creating serious fiscal challenges for Ottawa and many provincial governments,” said Jake Fuss, economist at the Fraser Institute and co-author of The Growing Debt Burden for Canadians.
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