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Federal debt nearly doubled from 2014–15 to 2024–25, approaching $2.1 trillion, with forecasts suggesting an additional $400.1 billion increase by March 2029 due to projected deficits in future plans. [12] [13] The per-person debt burden reached $51,467 by 2024, exceeding near-crisis levels present in 1995 by 12.3%. [14] [15]
The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024. [1] The budget's slogan is "Fairness for every generation", suggesting the government planned to help younger people.
A complete alternative budget is today produced each year by the Canadian Centre for Policy Alternatives, a non-partisan think-tank. Traditionally, the budget process was immensely secretive with little consultation.
Countries by household debt, loans and debt securities as % of GDP 1980 to 2022 [1]; Country 2022 2021 2018 2017 2016 2015 2010 2005 2000 1995 1990
OTTAWA (Reuters) -Canada's Finance Minister Chrystia Freeland declined to say on Tuesday whether the country would achieve its deficit target for the last fiscal year, fueling economists ...
Canada's economy grew at an annualized rate of 1% in the third quarter, undershooting the Bank of Canada's forecast of 1.5%, after growing 2.2% in the prior quarter.
In 2024 the population of Canada was estimated to be 40,784,365 (Q1, 2024) [1] compared to 36,991,981 in 2021 [2] while the population of the United States was estimated to 339,268,209 in Q1 2024, [3] more than eight times larger than Canada. The United States GDP was $24.8 trillion in 2021. [4]
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