The debt ceiling will be surpassed by 24 percent this year, with the debt ceiling having been set just three years ago under the Borrowing Authority Act.
Canada's unemployment rate sits at a startling 13.7 percent—putting it in the company of famously flaccid economies like Spain and Greece.
The MEI has created a video that scrutinizes the efficacy of the lockdown, saying there is no relationship between stronger lockdowns and less coronavirus.
The senate on Friday is consenting to Trudeau government legislation that will push Canada's federal debt over an eye-watering $1 trillion.
Since the pandemic began, the Trudeau government has sunk billions into efforts to place Canada's economy in a hibernation throughout the lockdown.
The alternative is that we keep borrowing staggering sums until interest rates rise and households, businesses and governments collapse under the weight.
Ottawa has set a borrowing record with its unchecked spending during the lockdown, borrowing more than one third of a trillion dollars in 27 days.
From public health priorities, to foreign aid, to academic bailouts, the amount of tax-funded cash wasted in the last few months amount to billions.
Among developed nations, Canada's debt levels have been some of the highest during the coronavirus pandemic, as household debt continues to rise.
In a worrying sign for government transparency, taxpayers will not know how much money was spent until more than a year from now.
Ontario’s deficit is expected to quadruple in 2020-2021 due to the partial economic shutdown associated with the COVID-19 coronavirus pandemic.
The bubble of subprime auto loans could very well burst due to economic crisis. People who have this kind of loan need to proceed with caution in trying to pay it off.
The total of Ottawa's emergency assistance programs tallies up to a whopping $146 billion, according to the Department of Finance.
According to the latest MNP Consumer Debt Index published today, 50 percent of survey respondents answered that they were within $200 of being unable to pay their bills.
A passenger paid a woman’s debt after hearing her life story during their car ride.
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