The provincial net debt-to-GDP ratio went from about 5 per cent in the 1960s to more than 40 per cent in 2020.
Ottawa plans to create a national childcare system and introduce more “green” spending initiatives.
In 1990, Ontario’s debt-to-GDP ratio stood at 13 per cent.
George W. Bush increased the ratio by 27.5 percentage points.
Ontario’s government spends more than $1 billion every month on debt interest.