This notion that we’re 50 per cent debt-to-GDP ignores the mountain of debt at the provincial level. So when you take a look at Canada, at the all-in government level, our debt-to-GDP ratio is already at 110 per cent and climbing,” he said. “That is going to come at the cost of future growth down the road.”
http://www.bnnbloomberg.ca/feds-mortgaging-our-future-with-101b-spending-plans-rosenberg-1.1592728
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