According to the study by the Fraser Institute, a Canadian public policy think tank, the country’s debt has nearly doubled since 2007, when the debt was at $1.1 trillion (adjusted for inflation).

The largest increase to the debt came at the beginning of the COVID-19 pandemic, which saw the debt increase just under $400 billion between 2019-20 and 2022-23.

“We’ve seen – even just at the federal level – a pretty significant increase in interest costs. They’re rising quite rapidly, and they’re projected to increase in the next few years as well,” said Fuss.

https://www.ckom.com/2023/01/14/government-debt-expected-to-rise-above-2-trillion-in-2023/