Canada’s Debt Illusion – The 13% Ottawa Doesn’t Want You to Question

Canada’s 2025 Budget brags that our debt-to-GDP ratio is the lowest in the G7 at 13 %.
But that only counts federal debt.

Add provinces, cities, and Crown corporations — and the real number climbs toward 110 %.
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SOURCES:
https://www.budget.canada.ca/2025/report-rapport/pdf/budget-2025-our-plan.pdf
https://www.fraserinstitute.org/studies/growing-debt-burden-canadians-2025-edition
https://www.fraserinstitute.org/commentary/were-deeper-in-debt-than-ottawa-tells-us
https://www.vice.com/fr/article/pres-de-la-moitie-des-canadiens-sont-a-200-dollar-detre-paumes