Doubling debt to $1.3 trillion driven by unwise Liberal spending - Financial Post

..  The federal government is budgeted to end the 2021-22 fiscal year with $1.8 trillion in liabilities versus $466 million in financial assets, for a

 net debt of over $1.3 trillion.

 That is an increase of $725 billion in liabilities, or $625 billion in net debt, over the past six years. ...

The combined federal and provincial net debt to GDP ratio is projected to be above 90 per cent in 2021-22, almost as high as the 98 per cent ratio in 1994-95 — the year that an influential Wall Street Journal editorial, under the headline “Bankrupt Canada,” labelled Canada “an honorary member of the Third World in the unmanageability of its debt problem.” ...

Full Matthew Law article Here.