Finance Minister Proposes Borrowing Limit Hike of Record $2.1 Trillion

Deputy Prime Minister and Minister of Finance Chrystia Freeland holds a press conference in the media-lockup prior to tabling the Federal Budget in Ottawa on April 16, 2024. The Canadian Press/Sean Kilpatrick

Finance Minister Chrystia Freeland is proposing that the national borrowing limit be increased for the second time in three years, this time to a record $2.1 trillion.

Ms. Freeland is proposing Ottawa’s debt limit be increased by 16 percent from $1.83 trillion to $2.13 trillion, according to a document tabled in the House of Commons April 30, which was first obtained by Blacklock’s Reporter.