Canada’s spiralling debt problem in 5 charts

By Charles Lammam – The Hub

The Carney government’s recent announcement to rename and enhance the GST credit—at a cost of $11.7 billion—is symptomatic of a broader Canadian problem. While framed as affordability relief, the harder truth is that it represents yet another instance of a leveraged nation borrowing to fund current consumption.

A federal government running a nearly $80 billion deficit is effectively spending money it doesn’t have to patch immediate pressure points. This isn’t a critique of helping families manage costs; it’s an observation about where Canada now stands. We have become one of the world’s most indebted nations.