The Effect of Government Debt on Economic Growth in the Canadian Provinces finds that in 2022, combined federal and provincial government debt in seven Canadian provinces surpassed their total economic output, stalling economic growth and leading to stagnant living standards.
Understanding the Scale of Canada's Federal Deficit finds that continuous annual borrowing by Ottawa to finance increased spending has driven federal total debt up to an expected 69.8 per cent of the economy or $2.1 trillion in 2024/25—and analyzes how in debt Canadian families would be if they spent and borrowed the same way.
British Columbia’s Descent into Debt finds that the B.C. provincial government continues with its current fiscal plans, it will become the third-most indebted province in the country by 2029/30.
| By: Jake Fuss, Milagros Palacios and Callum MacLeod
Caution Required When Comparing Canada’s Debt to that of Other Countries, 2024 Edition finds that Canada’s relative debt position, instead of being the best of the G7, falls significantly when total debt is measured instead of measuring debt after adjusting for financial assets.
