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1. Federal government’s spending rationale based on misleading debt picture

   Canada has the fifth-highest level of total indebtedness (relative to the size of our economy) among 29 industrialized countries. ...

2. Caution Required When Comparing Canada’s Debt to that of Other Countries

   The federal government continues to rationalize its debt-financed spending based on international comparisons showing Canada with the lowest level of debt in the G7. Of the two broad measures of debt, gross debt includes most forms of debt while ...