A Deep Dive Into Understanding National Debt

Why Canada’s growing debt is a concern

The subject of national debt, which has loomed over the political landscape, has once again gained political forefront with nearly 74% of Canadian expressing concern with the current level of borrowings. This comes at the backdrop of the Canadian national debt crossing $1 Trillion in the past year and the current government raising the debt celling to $1.83 Trillion to cover the projected borrowings until the end of fiscal year 2023 — 2024. This article will attempt to explain, clarify and…