Canadians will pay up to $3,348 this year on government debt interest, study finds (opens original article in a new tab)

A study by the Fraser Institute finds Canadians will pay up to $3,348 this year on government debt interest, with Newfoundlanders paying the most and Albertans the least, as federal and provincial debt interest payments reach $94.4 billion.

• Canadians will pay up to $3,348 on government debt interest in 2025/26, according to a Fraser Institute study.
• Newfoundlanders face the highest per-person debt interest costs at $3,348, while Albertans pay the least at $1,845.
• Federal and provincial governments are projected to spend $94.4 billion on interest payments in 2025/26, with over half from the federal government.