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The 2024 fall economic statement shows Canada is $61.9 billion in debt and makes little to no mention of agriculture.
The statement was released Monday afternoon after a chaotic day which saw Finance Minister Chrystia Freeland resigning from her post hours before presenting the document.
The 2024 budget predicted Canada at $40 billion in debt for 2024. That number has increased by $21.8 billion, according to the fall economic statement.
The words “farming” and “agriculture” do not appear in the 270-page document.
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The federal government is predicting a deficit of $48.3 billion, or 1.6 per cent of GDP, in 2024-25.
The economic scenario analysis portion of the statement examines several uncertainties in Canada’s future, including the impacts of the incoming U.S. administration.
The statement’s “downside scenario,” the less optimistic of two …
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