Jason Jacques at the Government Operations and Estimates Committee

September 25th, 2025 / 3:45 p.m.

Interim Parliamentary Budget Officer, Office of the Parliamentary Budget Officer

I think it's the increase in the debt-to-GDP ratio. According to the Government of Canada, there will be a plan on November 4. In all honesty, even before we published our figures, it was clear that Canada was facing a major challenge. However, we were stunned to see the numbers and the increase in debt relative to the size of our economy.

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