Trudeau Is Going To Bury Us In Debt
- Thread starter Decapoda
- Start date
Federal government posts $6.5 billion deficit in April, May
Author of the article:Canadian Press
Canadian Press
Published Jul 25, 2025 • 1 minute read
The federal government posted a $6.5 billion deficit in the first two months of the fiscal year.
The result for the April-to-May period compared with a $3.8 billion deficit for the same stretch last year.
Revenues increased $26 million, virtually unchanged from the prior year, as increases in customs import duties and pollution pricing proceeds to be returned to Canadians were largely offset by a decrease in revenues from corporate income and goods and services taxes.
The Finance Department says program expenses excluding net actuarial losses rose $2.9 billion, or four per cent.
Public debt charges increased $400 million, or 3.8 per cent, due to an increase in the stock of marketable bonds and higher consumer price index adjustments on real return bonds.
Net actuarial losses fell $600 million, or 46.8 per cent.
torontosun.com
Author of the article:Canadian Press
Canadian Press
Published Jul 25, 2025 • 1 minute read
The federal government posted a $6.5 billion deficit in the first two months of the fiscal year.
The result for the April-to-May period compared with a $3.8 billion deficit for the same stretch last year.
Revenues increased $26 million, virtually unchanged from the prior year, as increases in customs import duties and pollution pricing proceeds to be returned to Canadians were largely offset by a decrease in revenues from corporate income and goods and services taxes.
The Finance Department says program expenses excluding net actuarial losses rose $2.9 billion, or four per cent.
Public debt charges increased $400 million, or 3.8 per cent, due to an increase in the stock of marketable bonds and higher consumer price index adjustments on real return bonds.
Net actuarial losses fell $600 million, or 46.8 per cent.
Federal government posts $6.5 billion deficit in April, May
The federal government posted a $6.5 billion deficit in the first two months of the fiscal year.
It was only a matter of time.
ca.yahoo.com
Katy Perry Spotted Out For Dinner With Justin Trudeau And... Seriously, What?!
The Teenage Dream and former Canadian prime minister were pictured together on Monday night.
Canadians on hook for thousands in government debt costs: Study
Debt interest costs in Ontario, Quebec and Alberta are as much as those provinces spent on K-12 education in 2024-25
Author of the article:Bryan Passifiume
Published Aug 21, 2025 • Last updated 12 hours ago • 1 minute read
OTTAWA — Government debt will cost Ontarians $2,242 this year, according to a new Fraser Institute report.
This year’s edition of the institute’s Federal and Provincial Debt Interest Costs for Canadians report shows combined provincial and federal debt will cost Canadians between $1,937 and $3,432 depending on the province lived in.
“Governments across Canada continue to rack up large debts, which impose real costs on Canadians,” said study co-author Tegan Hill, who is also director of the institute’s Alberta policy studies.
“Interest payments across the country are substantial, and money that goes to creditors is money that is not available for other important priorities.”
Albertans will pay the lowest in 2025, at $1,937, while those from Newfoundland and Labrador will be on the hook for $3,432.
The study also points out that Ontario, Quebec and Alberta pay as much in combined debt interest costs as the provinces spent on kindergarten to Grade 12 education in the 2024-25 school year — while the $11.8-billion interest costs for British Columbia is more than what the province plans to spend on social services.
“Interest must be paid on government debt, and the more money governments spend on interest payments the less money is available for the programs and services that matter to Canadians,” said Jake Fuss, study co-author and the institute’s fiscal studies director.
The study says the federal government is expected to spend $92.5 billion on debt interest in 2024-25 and $53.8 billion to service that debt — more than the $52.1 billion spent on the Canada Health Transfer, and $35.1 billion set aside for childcare benefits.
bpassifiume@postmedia.com
X: @bryanpassifiume
fraserinstitute.org
torontosun.com
Debt interest costs in Ontario, Quebec and Alberta are as much as those provinces spent on K-12 education in 2024-25
Author of the article:Bryan Passifiume
Published Aug 21, 2025 • Last updated 12 hours ago • 1 minute read
OTTAWA — Government debt will cost Ontarians $2,242 this year, according to a new Fraser Institute report.
This year’s edition of the institute’s Federal and Provincial Debt Interest Costs for Canadians report shows combined provincial and federal debt will cost Canadians between $1,937 and $3,432 depending on the province lived in.
“Governments across Canada continue to rack up large debts, which impose real costs on Canadians,” said study co-author Tegan Hill, who is also director of the institute’s Alberta policy studies.
“Interest payments across the country are substantial, and money that goes to creditors is money that is not available for other important priorities.”
Albertans will pay the lowest in 2025, at $1,937, while those from Newfoundland and Labrador will be on the hook for $3,432.
The study also points out that Ontario, Quebec and Alberta pay as much in combined debt interest costs as the provinces spent on kindergarten to Grade 12 education in the 2024-25 school year — while the $11.8-billion interest costs for British Columbia is more than what the province plans to spend on social services.
“Interest must be paid on government debt, and the more money governments spend on interest payments the less money is available for the programs and services that matter to Canadians,” said Jake Fuss, study co-author and the institute’s fiscal studies director.
The study says the federal government is expected to spend $92.5 billion on debt interest in 2024-25 and $53.8 billion to service that debt — more than the $52.1 billion spent on the Canada Health Transfer, and $35.1 billion set aside for childcare benefits.
bpassifiume@postmedia.com
X: @bryanpassifiume
Federal and Provincial Debt-Interest Costs for Canadians, 2025 Edition
Canadians on hook for thousands in government debt costs: Study
Debt interest costs in Ontario, Quebec and Alberta are as much as those provinces spent on K-12 education in 2024-25
Budget’s aren’t important , what is , is finding the right liberal to take on the bad Orangeman to our south . Elbows up .
Canadians on hook for thousands in government debt costs: Study
Debt interest costs in Ontario, Quebec and Alberta are as much as those provinces spent on K-12 education in 2024-25
Author of the article:Bryan Passifiume
Published Aug 21, 2025 • Last updated 12 hours ago • 1 minute read
OTTAWA — Government debt will cost Ontarians $2,242 this year, according to a new Fraser Institute report.
This year’s edition of the institute’s Federal and Provincial Debt Interest Costs for Canadians report shows combined provincial and federal debt will cost Canadians between $1,937 and $3,432 depending on the province lived in.
“Governments across Canada continue to rack up large debts, which impose real costs on Canadians,” said study co-author Tegan Hill, who is also director of the institute’s Alberta policy studies.
“Interest payments across the country are substantial, and money that goes to creditors is money that is not available for other important priorities.”
Albertans will pay the lowest in 2025, at $1,937, while those from Newfoundland and Labrador will be on the hook for $3,432.
The study also points out that Ontario, Quebec and Alberta pay as much in combined debt interest costs as the provinces spent on kindergarten to Grade 12 education in the 2024-25 school year — while the $11.8-billion interest costs for British Columbia is more than what the province plans to spend on social services.
“Interest must be paid on government debt, and the more money governments spend on interest payments the less money is available for the programs and services that matter to Canadians,” said Jake Fuss, study co-author and the institute’s fiscal studies director.
The study says the federal government is expected to spend $92.5 billion on debt interest in 2024-25 and $53.8 billion to service that debt — more than the $52.1 billion spent on the Canada Health Transfer, and $35.1 billion set aside for childcare benefits.
bpassifiume@postmedia.com
X: @bryanpassifiume
Federal and Provincial Debt-Interest Costs for Canadians, 2025 Edition
Canadians on hook for thousands in government debt costs: Study
Debt interest costs in Ontario, Quebec and Alberta are as much as those provinces spent on K-12 education in 2024-25
It's time to start selling water. We have 10% of global supply.