Ontario entered this recession with an already elevated government debt burden.
federal government debt
July 22, 2020
11:19AM
Indigenous and Northern Affairs represented the largest share of federal program spending growth.
July 10, 2020
8:59AM
Policy uncertainty is at an all-time 35-year high in Canada.
July 8, 2020
1:37PM
This year's federal budget deficit will be an estimated $343.2 billion.
July 8, 2020
11:53AM
The national debt is approaching $1 trillion.
June 30, 2020
4:13PM
Between the early 1970s and the mid-1990s, the federal government ran a deficit every year.
June 15, 2020
10:41AM
Such implicit or explicit assumptions invariably lead to unintended consequences.
June 11, 2020
9:34AM
A large government debt burden can negatively affect economic growth.
May 20, 2020
2:59PM
According to forecasts, Canadian economic growth for 2020 will shrink by more than 12 per cent.
April 15, 2020
6:00AM
The federal debt going into this recession would have been $617.9 billion rather than the expected $713.2 billion.