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  1. Reality check—the dangers of debt accumulation

    Canada's total government debt now equals 107 per cent of GDP. ...

  2. 2021 budgets establish uncertain future for government finances in Canada

    The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22. ...

  3. 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 ...

  4. 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, ...

  5. Atlantic Canadians carry large government debt burden

    Newfoundland and Labrador has the highest per-person total government debt among the provinces at $48,478. ...

  6. 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 ...

  7. 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 ...