It's official: the Trudeau government has taken the federal deficit from $19 billion to $381 billion in just nine months.
That's the staggering takeaway from Finance Minister Chrystia Freeland's fall economic statement, and it means Canada's total federal debt will for the first time shoot past $1 trillion in a few weeks.
Critics will argue that with the global pandemic, all this spending is necessary and with low interest rates it's really nothing to worry about.
This is wrong for at least four reasons.
