Is Canada sleepwalking toward a debt crisis?

Is Canada sleepwalking toward a debt crisis?

The Fraser Institute is sounding the alarm about debt and deficits in Canada.  According to a new report, the combined net debt of Canada’s federal and provincial governments has nearly doubled since 2007-08, from $1.21 trillion to $2.30 trillion (in 2024 constant dollars) as of the end of fiscal year 2024-25. Over the past five years alone, the anticipated combined federal-provincial debt-to-GDP ratio climbed from 65.9 per cent to 74.8 per cent…