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as canada enters 2025, justin trudeau has now officially been prime minister across 10 calendar years; he was first sworn in on nov. 4, 2015.
by almost any metric, the last decade has not been great for canada. rent is up, wages have stagnated, crime is worse and health-care wait times are pushing the boundaries of what is possible. but on the plus side, you’re probably paying less for your cell phone.
below, a cursory comparison of canada in 2015 versus the canada of today.
debt has doubled
according to a rolling “
debt clock” maintained by the canadian taxpayers federation, the federal debt on new year’s day stood at $1.2 trillion.
at the beginning of 2015, it
stood at $612 billion. in pure dollar terms, that’s a doubling of the debt in just 10 years; the accumulated liabilities from 2015 to 2025 are about the same as the accumulated liabilities from 1867 to 2015.
but the canadian dollar was also worth more in 2015. when adjusting to 2025 dollars, the federal debt in 2015 was equivalent to $780 billion. so in real terms, the debt has only swelled by 54 per cent.