Canada's debt servicing costs to spike in coming years, says finance minister

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Canada,Debt,Finance Minister

The cost to service the federal government's sizeable debtload will spike in the years ahead — and those public debt charges will eat up much more of Ottawa's revenue than they have in recent years, according to Finance Minister Chrystia Freeland's fall economic statement, tabled today.

The cost to service the federal government's sizeable debtload will spike in the years ahead — and those public debt charges will eat up much more of Ottawa's revenue than they have in recent years, according to Finance Minister Chrystia Freeland's fall economic statement, tabled today."I'm actually, in an appropriately humble way, really confident about Canada," said Finance Minister Chrystia Freeland in an interview with Power & Politics.

"This is a challenging world but there is truly no country in the world that is better positioned to get through this uncertainty than our own."The cost to service the federal government's sizeable debtload will spike in the years ahead — and those public debt charges will eat up much more of Ottawa's revenue than they have in recent years, according to Finance Minister Chrystia Freeland's fall economic statement, tabled today. Freeland's document suggests Canada will avoid a recession but predicts economic growth will slow to a craw

 

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