The debt pile has been growing for three decades in both absolute terms and when compared to the size of the economy.
Stephen Poloz said the federal government's spending in the last couple of years on programs such as enhanced child benefits and infrastructure, have contributed to economic growth.
Rand Peppler still remembers how, as a young man in Ottawa in the mid-1980s, he felt “inspired” after reading a newspaper article about an entrepreneur who made it big south of the border.