Every Canadian paying $1,400 for federal debt charges alone this year, taxpayers group says

The Canadian Taxpayers Federation is calling on the prime minister to cut spending after raising the alarm on the increasing per Canadian cost of servicing the federal debt.

“The PBO’s report shows that paying interest charges on the government debt will cost each Canadian about $1,400 this year,” Franco Terrazzano, CTF federal director, said in a news release this week. “That’s $1,400 that the government is taking from each Canadian that can’t be used to hire nurses, fix potholes or...