The Canadian Taxpayers Federation hit Ottawa with its massive Debt Clock on Monday, pointing out that Canada’s federal debt of $1.3 trillion is up $2,000 per second as Prime Minister Mark Carney prepares to release his budget on November 5.
“Taxpayers have a simple message for the federal government ahead of the budget: Stop overspending, stop the borrowing spree and stop the Debt Clock,” said CTF federal director Franco Terrazzano.
Franco Terrazzano@franco_nomics
The debt is growing $2,000 every second.
Interest alone costs taxpayers more than $1 billion every week.
The Canadian Taxpayers Federation brought our Debt Clock to Ottawa to sound the alarm:
End your borrowing spree!
2:48 PM · Nov 2, 2026 · 10.7K Views
42 Replies · 312 Reposts · 849 Likes
“We brought the Debt Clock to Ottawa to warn every Member of Parliament about the $1.3-trillion debt problem.”
According to the CTF, Canada’s federal debt is growing by $179 million a day, leaving each Canadian with a $32,700 share of the debt.
Servicing that debt is also costing taxpayers billions.
