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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

Canada’s Debt is Too High to Handle the Next Economic Crisis (CD HOWE)


Canada’s high debt will limit the use of fiscal policy to offset the impact of our next economic crisis, according to a new report from the C.D. Howe Institute.

“The message from the conference is a resounding yes,” according to Lester, a Fellow-in-Residence at the C.D. Howe Institute and former federal government economist. “But if President Trump fulfills his tariff threats, Canada’s debt problem will get worse instead of better,” says Laurin. This will heighten concerns about the sustainability of Canada’s federal and provincial debt, limiting the strength of the fiscal response to a tariff-induced recession.

A key conclusion from the conference, which took place well before the US tariff threats were made, was that Canada’s combined federal-provincial debt should be reduced by 10 percentage points by 2030 to ensure fiscal policy can be used to counter the effects of future economic crises ...

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