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Canadian debt to reach $2.3 trillion this year: Fraser Institute

A new report from the Fraser Institute warns that Canadians are facing a growing fiscal burden as federal and provincial governments continue to accumulate record levels of debt.

Walid Tamtam, True North
Jul 27, 2025
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Source: Wikimedia Commons

A new report from the Fraser Institute warns that Canadians are facing a growing fiscal burden as federal and provincial governments continue to accumulate record levels of debt, with combined net debt projected to reach nearly $2.3 trillion this year.

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