Finances of the Nation: Provincial Debt Sustainability in Canada: Demographics, Federal Transfers, and COVID-19

In this article, Trevor Tombe examines the sustainability of Canada's public debt in face steadily rising provincial debt, a severe economic shock from COVID-19, and mounting health-care costs associated with an aging population. He finds that while federal is solidly sustainable, despite large increase owing to burden most governments not. discusses some policy options available improve fiscal outlooks, focusing particular on reform transfers.