In the time it takes to watch a two-minute video on social media, Canada’s national debt rises by more than $500,000. That’s according to the Federal Director of the Canadian Taxpayers Federation, who says Canada’s federal debt is more than $1.1-trillion. Franco Terrazzano understands that amount is hard to fathom. He notes that the debt rises by almost $400-million every day.
The CTF has launched its annual national Debt Clock tour to give an image to the rising debt, through a clock mounted on the side of a truck which shows the debt going up in real time. Terrazzano says the debt is increasing by $391.5-million every day or $4,531 every second. The federal government isn’t projected to balance its budget until 2070, according to data published by the Parliamentary Budget Officer.
























