# Canada's Debt Problem Is Bigger Than You Think

Page: https://stenobird.com/podcast/control-and-compound-with-darren-mitchell-5442045/canada-s-debt-problem-is-bigger-than-you-think
Text version: https://stenobird.com/podcast/control-and-compound-with-darren-mitchell-5442045/canada-s-debt-problem-is-bigger-than-you-think.md
Podcast: [Control and Compound with Darren Mitchell](https://stenobird.com/podcast/control-and-compound-with-darren-mitchell-5442045)
Published: 2026-03-05T13:01:00+00:00
Episode link: https://cccbb75a-90c4-435b-b701-9c67ba289c79.libsyn.com/canadas-debt-problem-is-bigger-than-you-think
Audio file: https://traffic.libsyn.com/secure/cccbb75a-90c4-435b-b701-9c67ba289c79/CC_-_Jake_Fuss_PUBLISH.mp3?dest-id=3442073
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JSON: https://stenobird.com/v1/public/podcasts/control-and-compound-with-darren-mitchell-5442045/episodes/canada-s-debt-problem-is-bigger-than-you-think
Duration seconds: 1809

## Resource

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us Canada's economic future is becoming one of the most important conversations happening today. Rising government spending, persistent deficits, and growing debt are raising serious questions about long-term economic growth, investment, and tax policy. On today's episode, Darren sits down with returning guest Jake Fuss, Director of Fiscal Studies at the Fraser Institute, to break down the big picture of Canada's economic trajectory. They discuss the real impact of affordability programs, government spending, deficits, and what Canada's rising debt could mean for businesses, investors, and everyday Canadians. The conversation dives into topics like inflation pressures, business investment leaving Canada, regulatory barriers, and the potential tax implications if current fiscal trends continue. Whether you're a business owner, investor, or simply someone trying to understand where Canada's economy may be headed, this episode provides critical context to help you make better financial decisions. Show notes: 0:00 - Why Canada's Economic Future Should Worry You 1:28 - The New GST Credit: Will It Actually Help Canadians? 3:15 - Why Government Cash Payments Don't Fix Affordability 5:09 - Can Government Spending Cause Inflation? 6:26 - The Budget Trick: Operating vs Capital Spending 8:48 - Canada Is Running Massive Deficits… Outside a Recession 10:42 - What Happens When Deficits Become "Normal" 13:55 - Countries That Fixed Their Economies (Ireland & Estonia) 15:49 - Why Economists Measure Debt Per Person 17:12 - The Fiscal Turnaround Canada Pulled Off in the 1990s 19:22 - Why Businesses Are Investing Less in Canada 21:49 - The Biggest Economic Risks Facing Businesses Today 24:27 - Canada's Real Problem: Spend…

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## Transcript

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