Dear John,

A new study published by the Fraser Institute today finds that combined federal and provincial debt has nearly doubled from $1.18 trillion in 2007/08 to a projected $2.18 trillion this year.

The combined debt now equals 76.2% of the Canadian economy.

It’s important for Canadians to understand the magnitude of the country’s debt because deficits and debt today result in higher taxes in the future.

Find out the provincial breakdown here [[link removed]], and be sure to spread this one far and wide.

Sincerely,

Niels Veldhuis

President

The Fraser Institute

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