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Approximately half of Canadian general government gross debt in 2021 was debt of the federal (central) government ($1,570 billion or 62.5% of GDP), and half was debt of the PTLGs. [5] Public debt is sustainable when it "does not grow continuously as a share of the economy". [7]
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 2023–24 was presented to the House of Commons by Finance Minister Chrystia Freeland on 28 March 2023. [2] The budget was meant to reflect Prime Minister Justin Trudeau's stated policy objective to "make life more affordable for Canadians" [3] while also reducing government expenditures.
* Loonie touches a 3-year high intraday at 1.2365 * Canadian new home prices rise 1.9% in February from January * Price of U.S. oil falls 0.9% * Canadian bond yields rise across a steeper curve By ...
* Canadian dollar strengthens 0.3% against the greenback * Loonie touches its strongest since Aug. 17 at 1.2573 * Canada's current account surplus widens to C$3.6 billion * Canadian bond yields ...
The Canadian dollar has pulled back from a six-year high near 1.2000 per U.S. dollar earlier this month, pressured by the Fed's surprise move to project interest rate hikes starting in 2023 rather ...
2020 Canadian federal budget: 2020–21 — Never presented Postponed and combined into the following year's budget due to the COVID-19 pandemic: 2021 Canadian federal budget A Recovery Plan for Jobs, Growth, and Resilience: 2021–22 19 April 2021 Chrystia Freeland Liberal: C-30: Royal Assent (29 June 2021)
* Canadian dollar falls 0.4% against the greenback * Touches its weakest since May 4 at 1.2346 * Canadian home prices accelerate in May from the previous month * Canadian bond yields edge lower ...