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Reality check—the dangers of debt accumulation
Canada's total government debt now equals 107 per cent of GDP. ...
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2021 budgets establish uncertain future for government finances in Canada
The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22. ...
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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 ...
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Federal debt may eclipse $1 trillion for first time in Canadian history
The fiscal response to the COVID-19 crisis has been large at the federal and provincial levels. The reduction in economic activity and subsequent reduced government revenues has produced massive deficits. At the provincial level, ...
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Atlantic Canadians carry large government debt burden
Newfoundland and Labrador has the highest per-person total government debt among the provinces at $48,478. ...
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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 ...
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Wartime presidents added most to U.S. federal debt-to-GDP ratio
The total federal debt of the United States has grown steeply in recent years and now stands at almost $22 trillion or about 107 per cent of GDP. While it’s tempting to conclude that the buck always stops with a sitting president, every ...