The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22.
The provincial government projects a $112 million operating deficit this year.
The province faces a projected $779 million budget deficit for 2020.
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.