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1. Federal and Provincial Debt-Interest Costs for Canadians

   In recent years, deficit spending and growing government debt have become a trend for many Canadian governments. Like households, governments are required to pay interest on their debt. In aggregate, the provinces and federal government are ...

2. Canadians pay the price for mounting government debt

   Ontario will spend an estimated $13 billion on government debt interest costs in 2020/21. ...

3. Federal and provincial government debt mounting quickly in Canada

   Due to persistent budget deficits in the decade following the 2008 recession and, more recently, the economic effects of COVID-19, government debt is rising rapidly across Canada. Hence, as budget season looms, it’s especially important ...

4. The Growing Debt Burden for Canadians: 2021 Edition

   Budget deficits and increasing debt have become serious fiscal challenges facing the federal and many provincial governments recently. Since 2007/08, combined federal and provincial net debt (inflation-adjusted) has doubled from $1.0 trillion to a ...

5. Ontarians—today and in the future—will pay the price for Ottawa’s debt

   At the end of fiscal year 2019, Ontario’s provincial government debt stood at $355 billion. For context, that’s more than $24,000 per Ontarian. With the COVID recession, this debt will grow further. Scotiabank Economics estimates a $36 ...

6. Interest Costs and their Growing Burden on Canadians

   In recent years, deficit spending and growing government debt have become a trend for many Canadian governments. Like households, governments are required to pay interest on their debt. These interest payments consume resources that could have ...

7. The Growing Debt Burden for Canadians

   Budget deficits and increasing debt have become serious fiscal challenges facing the federal and many provincial governments today. Since 2007/08, combined federal and provincial nominal net debt has grown from $837.0 billion to a projected $1.5 ...