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1. 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, ...

2. Atlantic Canadians carry large government debt burden

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

3. Ottawa has a big spending problem

   As the dust settles from Monday’s federal economic and fiscal update, it becomes ever more apparent that Ottawa does not have a revenue problem but a massive spending problem. From budgetary revenues of $332.2 billion in 2018-19, the ...