Bill to raise debt ceiling to $1.8-trillion advances to Senate

The Liberal government is planning to push the federal debt close to the new ceiling by 2024.

Finance Minister Chrystia Freeland is asking Parliament to raise the government's debt limit to more than $1.8-trillion. Senators are next in line to scrutinize the request made in Bill C-14.The Hill Times photograph by Andrew Meade

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BY PETER MAZEREEUW

April 19, 2021

A bill that would raise the maximum limit for federal debt to more than $1.8-trillion passed through the House of Commons April 15, and will now face scrutiny from Senators as the government unveils new budgetary commitments that will require borrowing billions more i...

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