Canada needs to address debt service ratio concerns

Robert Asselin highlights that if the debt service ratio continues to rise, Canada will need to start making difficult decisions about spending. His perspective and our joint Bennett Jones report on fiscal sustainability were mentioned in The Globe and Mail article about the federal government’s approach to spending and debt management.

“It’s not a question that tomorrow Canada won’t be able to sell its bonds or market. It’s more a question of are we putting ourselves in a bad situation where we’re eventually going to have to make really difficult choices.”

Robert Asselin, Senior Vice President, Business Council of Canada