Britain will today make the last repayment on loans lent by the US and Canada during the second world war – 61 years ago ... The loans provided essential capital for the reconstruction of Britain ...

National debt represents the amount of money a government owes its creditors. Every time a government runs a deficit, it needs to borrow to cover it. Canada runs deficits more often than not.

Canada's total federal debt sat just under $610 billion in 2012. Still promising to balance the federal government's books by 2015, Canada's debt is projected to grow by about $17 billion in 2013 ...

Canada's Finance Minister Chrystia Freeland will unveil the country's new spending plan Canada's federal government will spend C$100bn ($77bn, £58bn) to kick-start the country's post-pandemic ...