There is growing concern, in some quarters, about where the Trudeau Government is taking this country financially. A report from the CD Howe institute calls it, “Rolling the Dice on Canada’s Fiscal Future.” The report says the pandemic has kicked Canadian government debt to high levels. Federal and provincial budget plans could well see it go higher for decades and even generations.

The report says, “Our baseline scenario shows the federal debt burden on an upward long-run drift with the debt
ratio reaching 60 percent by 2055. Nationally, taking provincial governments into consideration, the combined
federal/provincial net debt ratio could reach over 140 percent under our baseline scenario, and almost 100
percent even under the more favourable budget scenario.” Debt ratio is the ratio of total debt to total assents.

The Canadian Taxpayers Federation notes that our federal government debt has already topped a trillion dollars and if things don’t change, the federal government won’t balance the budget for another 49 years. Interest charges alone will cost taxpayers $3.8 trillion by 2070. The CTF has even started a petition asking people to take a stand against what it calls, “Trudeau’s reckless deficits.”