Canada’s relative debt load compared to other developed nations is far worse than the Trudeau government claims, according to a new study by the Fraser Institute released Tuesday.
It says while the Liberals’ boast that Canada had the lowest net debt to GDP ratio among G7 countries heading into last year’s pandemic recession, that falls to 25th place out of 29 nations with comparable economies when its gross or total debt is calculated compared to the size of the Canadian economy.
