44% Chance Canada’s Federal Debt Will Increase Over 10 Years: Study

In a recent Fraser Institute study, experts raised concerns about the trajectory of Canada’s current fiscal policies, highlighting a significant chance of the federal debt increasing as a percentage of the economy over the next decade. Titled “Adrift without an Anchor: Federal Fiscal Policy and Canada’s Long-Term Debt Ratio,” the study suggests a 44 percent likelihood that the net federal debt-to-GDP ratio will be higher in 2036–37, and a 59 percent chance it will be higher in 2046–47. This means the federal government “would fail to stick to its core fiscal goal,” said a Feb. 1 press release from the public policy think tank....