The Schroeder Policy Group says the majority of Canadians are concerned about what would happen should Newfoundland and Labrador declare bankruptcy. However, only 13 per cent were aware of current levels of debt per capita.
Including Nalcor’s $9.4-billion debt, the group says this province’s debt has effectively reached $14.6-billion. That amounts to nearly $27,800 per person—close to double the average in the other nine provinces, at about $14,000.
The group says Newfoundland and Labrador is in a “crisis,” and the matter should be a priority in this election.
It says economists are predicting the province could face insolvency within a decade, should Muskrat Falls be added to the mix.
The group is calling on Ottawa to help Newfoundland and Labrador stabilize its debt.






















