That number would have to take into consideration the provincial debt, as well as municipal and other public bodies, such as school boards, hospitals and so on. I don't have that number as to where it was in 1995-96, but I suspect it was probably way above 100% of GDP. We could get back to you with that level of debt if you want, but for sure, it was much higher than just the federal debt.
On May 12th, 2020. See this statement in context.