Mounting federal debt ‘concerning,’ but economists say Canada’s finances are ‘sustainable’ ahead of Nov. 5 budget
Canada's budget watchdog projects federal borrowing to rise to $1.7-trillion in 2030-31, at 42.6 per cent of the GDP, with funding plans for a new pipeline and other major projects still to be chalked out.
Federal borrowing is expected to surge from $1.4-trillion in 2026-27, to nearly $1.7-trillion by 2030-31, according to the parliamentary budget officer, but economists say they are not sounding the alarm on the country's finances yet.
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