
Episode #19
Is Canada Heading Toward a US-Style Debt Crisis?
What does Canada’s rising debt mean for the next federal budget? Don Drummond joins Michael Hainsworth to discuss Canada’s fiscal outlook, government spending, deficits and debt, and whether the country is prepared for another major economic shock. They examine Canada’s borrowing costs, the country’s debt position relative to other G7 economies, the C.D. Howe Institute’s shadow budget, the case for spending restraint, and potential tax reform. Drummond also discusses what it could take to return Canada to a balanced budget

