The federal debt will reach nearly 70 per cent of GDP by 2050.
Trudeau moving Canada towards American-style government with more centralized decision-making, federal spending, borrowing
It’s been almost 20 years since the U.S. federal government balanced its budget.
In the 1990s, federal debt-interest costs routinely eclipsed 30 per cent of revenues.
More than $185 billion in net investment left the country from 2014 to 2019.
Indigenous and Northern Affairs represented the largest share of federal program spending growth.
Policy uncertainty is at an all-time 35-year high in Canada.
This year's federal budget deficit will be an estimated $343.2 billion.
The CERB is now estimated to cost $61.1 billion compared to the original estimate of $40.6 billion.