Canada’s Debt Has Doubled in 18 Years

Canada’s debt has ballooned nearly 100% since 2007, hitting $2.44 trillion this year — almost double what it was a decade ago. Ottawa’s spending spree, especially during the pandemic, drove most of the growth, with provinces like B.C. seeing over 200% debt increases. Ontario tops the list with over $459 billion in debt per person, Newfoundlanders carry nearly $71,000 in combined provincial and federal debt. Rising debt means higher interest rates, squeezing investment and cutting into vital services like healthcare and education — a stark shift from the fiscal discipline of the 90s and early 2000s. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a6948f2190ca1f0d