Federal interest costs will increase—perhaps substantially—if interest rates continue to rise

VANCOUVER—As the Bank of Canada seeks to reduce inflation by increasing interest rates, interest costs on government debt—including federal debt—will also rise, finds a new essay published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “While the federal government continues to borrow money to fund high levels of spending, the cost of servicing Ottawa’s growing debt is poised to increase if interest rates continue to rise,” said Philip Cross, former chief economic analyst at Statistics Canada, senior fellow at the Fraser Institute and author of Low Interest Rates and the Cost of Government Debt.

By Cal Aylmer on 2022 06 12

Genuine real Canadians don't exist as far as Trudeau in Ottawa is concerned, and im sure when foreigners think of Canada their minds see Moose, Beaver, Mounties in red uniforms, mountains and plains and vast rivers explorers paddled and hauled canoes up against all odds. Im sure they think of wide open prairies, rivers with leaping Salmon, Whales Seals, and all sorts. They see Lumberjacks in plaid in forests of old and Bears lurking behind them, and people of true hardy grit and good will. Fun loving hockey playing, maple syrup making, bouncy castle providing, meme making, singing, dancing, honking Canadians.
These same Canadians who in desperation and in vain, traversed thousands of miles of country by foot truck beat up ol banger, skidoo, bike or Reindeer in -30 to have a chat with our government, ( that the head of openly said he wasn't at all concerned about money or spending, it wasn't important ).........will also be the ones ever enslaved.
The ONLY thing that exists for this government is Klaus Schwabs great reset, the lipid nano particle technology Trudeau is profiting off with kick backs from the patents he sold to China too and forever erasing ANYTHING in living memory that remotely hinted at Canadiana or Canadian patriotism, or Canadian actual history and LIVES, and replacing it with the grey state technocracy that he claims we want, whilst using big tech and state media he and bill gates funds to make sure 80% of the countries voices are completely erased to the memory hole and silenced at all costs and deemed hate speeching domestic terrorists that are a fringe minority voice.
WE THE PEOPLE will be paying for it, as we pay for everyting, the difference now is we are paying with our lives!.

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