Ontario entered this recession with an already elevated government debt burden.
federal government debt
Indigenous and Northern Affairs represented the largest share of federal program spending growth.
Policy uncertainty is at an all-time 35-year high in Canada.
This year's federal budget deficit will be an estimated $343.2 billion.
The national debt is approaching $1 trillion.
Between the early 1970s and the mid-1990s, the federal government ran a deficit every year.
Such implicit or explicit assumptions invariably lead to unintended consequences.
A large government debt burden can negatively affect economic growth.
According to forecasts, Canadian economic growth for 2020 will shrink by more than 12 per cent.
The federal debt going into this recession would have been $617.9 billion rather than the expected $713.2 billion.