Both B.C. and Saskatchewan now carry less per-person provincial government debt than Alberta.
Ontario will spend an estimated $13 billion on government debt interest costs in 2020/21.
High rates can influence people’s decisions on where to work or start new businesses.
Trudeau government—and provincial governments across Canada—can learn from past fiscal consolidations
The Trudeau government’s recent fiscal update forecasted a $343 billion deficit this year.
Prince Edward Islanders will pay approximately $809 per person in provincial debt interest costs this year.
The province's net government debt may rise 17 per cent in 2020/21.
Today’s federal-provincial net debt breaks down to $39,483 of government debt for every man, woman and child in Canada.
Ontario has seen its share of total provincial net debt rise to 51 per cent.