Carney joins tiny group of PMs who added debt during peacetime, without recession
Carney is headed for a shameful record: becoming one of the few Canadian prime ministers to pile up federal debt without a major war or financial crisis.
Mark Carney is headed for a shameful record: becoming one of the few Canadian prime ministers to pile up federal debt without a major war or financial crisis, according to a damning new study from the Fraser Institute.
A new study suggests that under Prime Minister Carney, the federal gross debt is expected to reach $2.35 trillion. The Fraser Institute study, titled “Examining Federal Debt in Canada by Prime Ministers Since Confederation, 2026,” found that, after adjusting for inflation, Canada’s debt is on track to be the highest in the country’s history.
