Canada's debt crisis deepens; Money printing up by 32%

Every year, Canada’s debt keeps climbing higher. Last year, the Bank of Canada printed $19.3 billion, but this year, that number shot up to $25.5 billion just to tackle the growing debt deficit. As of November 4th last year, the total government debt was projected at $1.445 trillion, but in just five months, it’s now hit $1.487 trillion. Honestly, have you seen the Canadian debt clock? It’s like it's on fast forward. The government is borrowing $237.8 million every single day, which breaks down to about $165,144.60 every minute and $2,752.41 every second. This means each citizen is shouldering around $34,708 in debt. On X, a lot of users are pointing fingers at Carney, the president, some are blaming the Liberals, while others in the real estate sector think it’s all about the housing market. But I don’t agree with their takes on the issue. The real underlying problem pushing Canada toward this debt trap is actually tied to our birth rate. Canada shows that the idea of lowering birth rates being good for the economy is completely wrong; it’s having the opposite effect. We have one of the lowest fertility rates, with nearly 1 in 4 Canadian women in their 40s not having kids, and the birth rate is dropping significantly. This leads to a need for mass immigration to fill the workforce gap as the number of workers declines. I really don’t buy the excuse that people aren’t having kids because the economy is too tough or raising children is too expensive. That mindset is just draining the global population.

I may not really know the perspective of your view but as for me, I believe the state of the economy also matters when considering populations for childbirths. That is if we prioritizes on the well-being of the masses. In some countries such as the Africans, the state of their underdeveloped infrastructures and economy backwardness where hardships are eating the poor up, parents are also calculative of how many children they would have that they can be able to take care of because they understands that they also needs money to provide every essentials and necessities such as foods, housing, good education and medications. Without money, it is like you are just bringing those innocent children into the world to suffer. That is why my people also say... Cut your suit according to your size.

Who the hell thought that? Canada is a clear example of a woke country that is destroying itself; the problem is that it's not the only one. This may not necessarily be the case with AI and robotics. That’s what should have been done over the past few decades, but the future doesn’t have to be the same.

It's a bit of a weird premise that you're using - the Canadian government isn't actively trying to "reduce the birthrate" as you put it, rather it seems to be a natural side effect of educated and mature economies. In a world where people are getting squeezed to the point that they need two jobs in a couple to sustain an average lifestyle, it is actually quite risky to bring children into that mix. For many, having a child can be incidental - they fall pregnant and just decide to make it work, rather than the minority who ok might plan such things out. The only way to avoid population decline in this circumstance is to allow immigration, which comes with risks especially if it's from countries that so not align with your values and adapt to them.

Canada's high debt is not caused by a single factor. An increase in government spending contributed greatly to the death burden. The COVID-19 pandemic caused the government to spend beyond its capacity. Demographic pressure has also forced the government to allocate more resources to services for the Canadian aging population. The solution is not just to increase the birth rate because there is already pressure on social services such as housing due to the high influx of immigrants. The government would have to reduce expenses, seek means to increase revenue, and stimulate economic growth. Children are very expensive to train. You can't just have children because you believe that they will naturally grow and become independent. It requires a significant amount of financial resources to provide your children with everything they need to be productive in society. The notion that children would be fine even in the face of economic hardship is wrong.

The idea that they won't be fine in a struggling economy is also wrong, it changes nothing, a parent who settled for a kid, could sustain addition two, had they been allowed to come to this world. The whole scenario around giving birth and linking it to the economy as a barrier doesn't align to the notion of sustainable growth, which is the key factor to building a family, the closest factor to running a business. That is why people fail without trying.

Carney is a former bank chief, he was a very unusual election to president I thought.   Though chancellor of the exchequer to prime minister is a familiar path in UK I guess but not sure elsewhere.   Did Carney get in because of his finance background, I did not think so.   The figures stated above seem tiny, 25bn for an entire nation is the Federal reserve's lunch bill    More seriously I think or I presume Canada will be quite fine, healthy even over the next decade or two.  Largely I see them gaining from commodity wealth, Canada is one of the largest countries in the world.  If Canada are able to operate a capitalist economy and encourage investment then returns on their gigantic natural national wealth, the negative figures should balance out.  The debt is bad, the currency likely weak & not a new story but the nation might well be ok imo.

While this is of course sad, Canada had many more problems in the recent years, and it has not been going that great. Canada acted as the liberal cousin of USA, while keeping the culture not that dissimilar, like somehow it had a feeling of "democrats of USA built a nation above USA" type of feeling there. But that is not a good way to run a government, you need to have competition, while USA sucks for many people, believe it or not, people of USA still lives better than most other nations, and have potential for even more, Canada has no competition, that is how they run their country, and because there are no hardcore ring win possibility, they suck at getting better. Doesn't mean liberals should not or could not run a government, they can, in fact usually they are better, but they need a competition to keep them in check.

In my opinion, almost all countries are heading to a debt trap First, just take a look at the US, $39 Trillion USD a 124% Debt to GDP ratio. This is already insane, and to be honest, this might bring the US into ruin, and if that happens, the domino effect will affect other countries as well. Did you read the news that, as of mid-April 2026, Canada’s federal debt has officially breached the $1.52 trillion mark, driven by higher-than-expected servicing costs due to the global energy shock. yeah everyone is hits by the energy shock and you know behind all of it. Because of the Strait of Hormuz conflict and the resulting inflation, the Bank of Canada has had to keep interest rates higher for longer. This means Canada is now spending more on interest payments than on its entire national defense budget

I have to acknowledge that many people who don't have a good source of income in my country still raise children. But they either have to struggle or give their children a standard of almost everything. But you are not correct when you say that someone who decides to give birth to one child because of their earnings can still sustain more. If the cost of raising a child is $100 per month and your salary is the same amount, adding another child would lead to financial pressure. As I said, some people are taking the risk of having more children even when they earn a small amount, yet they are still fine.

What is the reason that is causing damage to the Canadian economy in such a way that its debt is increasing? Like if we talk about the US, then we know some factors that are causing its economy, and the rate of debt has reached a new all-time high of $30.07 trillion, if I am not wrong. First of all, the rate of infaltion causing to damage to the economy since the day Trump became US president, this time again, because of his new polices like Tarrif one. You may also know that the US has now to refund all tariff amounts that it has gathered internationily Because US court announced it a illagle to collect funds in this way. Other than this, the US has faced a lot of big lose in its ongoing war against Iran, and this is another reason its debt is increasing, and this is causing the rate of petrol, oil, and gasses increment. These are some facts that can be taken into consideration as a reason why US debt is increasing. So why is the rate of debt increasing in Canada? No dount that recent war damages all countires econmies directly and indirectly due to increaing rate of oil and gases. But along with that i think there should be some other reasons as well.

I don't quite agree with your theory that growing the population of Canada, will better their economy and stop or reduce their printing of more money into circulation, low birth rate can be part of a minor reasons but I doubt that it is among their major reasons. Presently my country is overpopulated and the economy is very bad so if overpopulation is a criteria for a stable economy the country will be in prosperity. Take china for example which has a massive population yet they are very industrialized and borrowing to nations unlike Nigeria, which has a population of approximately 2.5 million with abundant natural resources yet the country is considered poor. For a country to have a good and vibrant economy where they don't need to be printing more money to stabilize their economy they need proactive leaders not population explosion. If Canada, economy is not prospering they have to tackle their problem from the root not printing more money or exploding their population.

It is honestly really interesting to see how the most developed countries consider a less paying job a reason to not have children while many poor countries are growing children in conditions unimaginable to any average developed country citizen.  Imagine this, a well groomed person with a job, clean clothes from an expensive brand et cetera driving a car around explaining an African parent life is too expensive to have a kid. I understand growing a child means Money.  But does it have to be a CEO position in order to finally have a child?  European countries where there are a lot of immigrants from poorer countries will have the birth rate of their citizens outpaced by the birth rate of immigrants because of this 'finding the right moment' thing. Fun fact.  While I was writing the paragraphs above, the Canadian Debt seems to have grown by 670,074.22 more Dollars.

World population control was never a good idea, in Africa there were times parents had above 10 kids per family, people were capable of marrying more than two wives, and all the kids got trained to reasonable levels in education and in trade learning. These days families struggle with 4 kids, and barely survive, while some with two kids also undergo similar financial strain like families with five kids, these things has to do with sustainability more than the economy, it's the duty of parents to realize that training children has nothing with the country's economy, this has to do with nature, provided the family could work more on farmlands to cultivate their own foods, like our grandfathers did, they'll be no much money spent on food, which has cut cost, and as well sustained the family wealth.

Can you explain how Canadian immigrants helping, by doing those jobs inside Canada would differ with the outcome of Canadians doing those same jobs inside Canada? They are literally same jobs affecting to same GDP. And sure, when birthrates are dropping drastically, it can cause problem with the workforce / pensioner structure for example. But it's an issue that won't show before 15-20 years after that significant drop (assuming that immigration haven't helped with the situation already). So it wouldn't have much to do with recent years. And growth of birthrate as itself wouldn't necessary contribute to debt-to-GDP ratio.

False, this is globalist economist propaganda that is not based on reality. A stable population or a slowly reducing population count would be the best case for most countries, as it would make the focus on efficiency gains and effectiveness. "Growing the economy" by adding more people does not do anything, it literally does not grow anything except an useless number somewhere. What is better a country with 1000 people with $1000 per capita, or one with 100 people and $1M per capita?  Furthermore, if you design systems that rely on infinite growth then of course they will start failing when this assumption is not met. This does not mean that such growth is needed, that is complete bullshit. If the focus was on creating a healthy population with extreme levels of well being, combined with technological deflation and automation we could be heading to an utopian. Instead, Canada like many places is heading to a 3rd world shithole. They don't. Massive immigration has a net negative and creates an even heavier burden on the real work force. This is why paying taxes for filthy and unskilled 3rd world persons is a scam. They should receive zero benefits. If the design of system is faulty and riddled with terrible assumptions to begin with, of course such a system is unstable and fragile. The pension structure should be abolished in favor of free market solutions and personal responsibility. Instead we are creating a monster nanny state that creates more harm than good.

So, Canada printed $25.5 billion. On a $2.39 trillion GDP! On an economy that grew by 1.7% , meaning a growth of 40.63 billion! Yup, definitely a problem! This debt trap, does it include the decline in debt to GDP from 74,51% in 2021 to 69.25% in 2025? https://www.ceicdata.com/en/indicator/canada/government-debt--of-nominal-gdp