Although polls show the majority of Canadians are concerned about the federal debt and deficit, the issue may take a back seat during the election as blowback from the ballooning debt hasn’t had a major impact yet, say veteran political and economic analysts.
The Trudeau government has borrowed substantially to respond to the pandemic, causing a $354 billion deficit in 2020-21, with this year’s deficit expected to be $154.7 billion. Nearly three-quarters of Canadians (74 percent) say they are concerned about the size of the current deficit, according to a Nanos poll conducted in May.
