Canada’s debt to GDP ratio: ‘Nerve-racking to see debt servicing costs rising so quickly,’ RBC economist says

Dawn Desjardins, RBC’s Deputy Chief Economist speaks with Financial Post’s Larysa Harapyn on Canada’s debt to GDP ratio — covering federal, corporate and household levels.

Debt servicing costs shot up mainly bc interest rates went up, so that's no surprise, but it's also the reason the budget needed to be brought under control before the yield curve inverted like it has now. I'd prefer a long term plan for balanced budget and 25% debt to GDP target

Government driving Canada into the ground financially

Rails

Take a look at the inverted yield curve as well.

What would happen if a Nation killed all of its industries, and then gave away billions of dollars without any expectation of a return on those dollars?

acoyne Ah it's only money, rainbows and unicorns.

acoyne But the budget will balance itself. Oh, ya it didn't. TrudeauMustGo

Everyone has an excuse for accumulating debt. Governments simply have a longer list of them so they can tailor he excuse to whichever useful idiot they happen to be making the excuse to.

Wasn't this economist just on TV telling the country that the debt to GDP ratio was not too high, the lowest in the G7 in fact, and not to be worried about at this time? What, did she wake up in the other side of the bed the next morning?

Right-wing American owned MI National Post forgets 2 key thing: Conservatives in power racked up 75% of all Canada's federal debt and gave us NOTHING in return....PMJT's investment will and does have an ROI:

Elected just 38% of the time Conservatives are responsible for 75% of all Canada's federal government debt....ever! The Liberals have set our debt to a downward trending sustainable level that we are the envy of the OECD and G-7!

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