By Fraser Institute —— Bio and Archives--May 26, 2026
Canadian News, Opinion | Comments | Back To Full Article
VANCOUVER—Combined federal and provincial government debt in Canada has nearly doubled from $1.24 trillion in 2007/08 (the year before the 2008 financial crisis) to a projected $2.44 trillion in 2025/26, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Government debt—federally and in most provinces—has grown substantially over the past 18 years, since just before the 2008 financial crisis, creating serious fiscal challenges for Ottawa and provincial governments in the years ahead,” said Jake Fuss, director of fiscal studies at the Fraser Institute and co-author of The Growing Debt Burden for Canadians, 2026 Edition.
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