Government Debt in Canada increased to 1173.01 CAD Billion in 2023 from 1139.98 CAD Billion in 2022. Government Debt in Canada averaged 360.71 CAD Billion from 1962 until 2023, reaching an all time high of 1173.01 CAD Billion in 2023 and a record low of 14.83 CAD Billion in 1962. source: Department of Finance Canada