It depends. It depends on what happens in the fall update that the government will be tabling imminently or in the fall, and what happens in the budget. If the direction is decreasing deficits, it won't be that worrying, but if we see deficits increasing and the debt-to-GDP ratio not decreasing or even going upward, that is something that could be worrying, depending on the longer-term trend.
On October 19th, 2023. See this statement in context.