If It Hasn't Already, One Day Canada Will Run Out of Buyers For Its Debt at This Rate...

Ever wanted to fire the individual that looks after your financial future? Well now you can, it's called voting in the next election. 

"Prime Minister Justin Trudeau’s fiscal road map could reduce Canada’s future spending capacity by leaving debt at elevated levels for decades, according to the nation’s budget watchdog.

In a report published Wednesday, the Parliamentary Budget Officer warned that the government’s plan would see Canada’s ratio of debt-to-gross domestic product remain higher that it was before the pandemic through 2055.

“This suggests that the government has decided to effectively stabilize the federal debt ratio at a higher level, potentially exhausting its fiscal room over the medium- and long-term,” the PBO said. That will require governments in the future to consider tax increases or spending reductions to pay for new programs, it said."

If it hasn't already, one day Canada will run out of buyers for its debt at this rate...

"Prime Minister Justin Trudeau’s fiscal road map could reduce Canada’s future spending capacity by leaving debt at elevated levels for decades, according to the nation’s budget watchdog.

In a report published Wednesday, the Parliamentary Budget Officer warned that the government’s plan would see Canada’s ratio of debt-to-gross domestic product remain higher that it was before the pandemic through 2055.

“This suggests that the government has decided to effectively stabilize the federal debt ratio at a higher level, potentially exhausting its fiscal room over the medium- and long-term,” the PBO said. That will require governments in the future to consider tax increases or spending reductions to pay for new programs, it said."