The national debt will reach a projected $2 trillion by 2025-26.
federal spending
Despite the dismal state of federal finances, the speech did not include the terms “deficit” or “debt."
The federal debt has eclipsed$1 trillion, with budget deficits projected for years to come.
Several businesses, particularly in the service industry, are struggling to find workers.
During the Trudeau period, business investment actually declined by 0.2 per cent.
On health-care wait times, Canada consistently ranks lowest among comparable countries with universal health care.
The new Liberal minority government should develop a credible plan to balance the budget and stop debt accumulation.
The NDP has been the most transparent by clearly stating it would introduce a host of tax hikes.
Provincial transfers represented about 21 per cent of federal spending, up from 13 per cent in 1997.