It could very well be the case that in the next few years Canada's debt-to-GDP ratio could go up, and the debt-to-GDP ratios of all G7 countries could go up. We could continue to have the best debt-to-GDP ratio in the G7, not because our debt-to-GDP ratio is getting any better, but because we're all getting worse. Is that a reasonable assessment?
On November 18th, 2022. See this statement in context.