Government borrowing crowds out private investment and lowers the economy’s productive potential.
budget deficit
July 1, 2022
6:00AM
The federal and provincial governments will run combined deficits of $86 billion in 2022.
June 15, 2022
1:32PM
So-called "stimulus spending" displaces future private spending and reduces future economic growth.
June 8, 2022
8:10PM
May 31, 2022
9:56AM
The federal government projects a budget deficit of $52.8 billion for 2022.
September 10, 2021
3:11PM
Ottawa ran an unprecedented $354 billion budget deficit in 2020/21.
August 9, 2021
10:42AM
The Trudeau government plans to implement new spending programs including national childcare and pharmacare.
June 30, 2021
3:49PM
Between 2008/09 and 2019/20, the province's net debt increased by $71.8 billion.
June 23, 2021
9:25AM
This year, the 10 provinces are projected to run cumulative deficits of nearly $80 billion.
June 2, 2021
10:13AM
In Canada, government net debt has doubled from $1 trillion to $2 trillion.