Since 2007/08, Canada’s federal debt has grown by $176 billion to $692 billion in 2015/16.
interest payments
March 21, 2016
11:58AM
February 3, 2016
2:50PM
Ontario will run its eighth consecutive budget deficit in 2015/16, with a projected $7.5 billion shortfall.
January 13, 2016
10:40AM
Since 2007/08, combined federal and provincial government net debt has grown from $834 billion to $1.3 trillion.
January 13, 2016
9:49AM
All Canadian governments cumulatively spent $60.8 billion on interest payments in 2014/15, almost as much as all spending on K-12 public education.
April 29, 2015
7:00AM
As expected, the 2015 federal budget had the general feel of an election budget, with a small surplus and a smattering of initiatives to satisfy various voting groups.
April 25, 2015
10:00AM
Imagine you’re near what you thought was a dormant volcano but it suddenly erupts. Assuming you escape, you might later reflect that there was nothing “sudden” about it.
November 18, 2014
10:00AM
There was an aura of complacency in Queen’s Park as the Ontario government released its update on the state of provincial finances.
August 25, 2014
6:00AM
Canadian headlines about government deficits and debt can be dizzying and hard for people to grasp. A few billion here and several billion there and the natural response is for one’s eyes to glaze over in despair. But the increasing government debt has tangible and immediate consequences that affect Canadian families today and into the future.
May 27, 2014
2:00AM
A new report on provincial debts and deficits by Moody's, the international credit rating agency, is another piercing reminder of Ontario's serious fiscal challenges.
