Canada's gross government debt is equal to 111 per cent of the country's GDP.
If interest rates exceed economic growth rates, debt becomes unstable.
The Ontario government projects a $19.9 billion deficit this year and continued deficits until 2027-28.
The expansion of the Canada Child Benefit was financed largely by borrowing.
The Trudeau government will run a record budget deficit approaching $400 billion.
Today’s federal-provincial net debt breaks down to $39,483 of government debt for every man, woman and child in Canada.