# Canada Plans C$611 Billion in 2027-28 Borrowing, About 72% for Refinancing

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/50769
Published: 2026-11-07T11:17:12.000Z
Updated: 2026-11-07T11:17:12.000Z
Section: Business

> The plan rises from C$587 billion in fiscal 2026-27, with approximately 72% intended to replace debt coming due.

Canada plans to borrow C$611 billion in fiscal 2027-28, up from C$587 billion a year earlier, with approximately 72% intended to refinance debt that matures.

That share makes refinancing the largest stated use of the planned borrowing. Refinancing means replacing existing debt as it comes due.