Record $381B deficit during pandemic is affordable due to low interest rates, Freeland says

Source: Loan Digest (loandigest.net)

We will pay sorely for many many years to come.

And the budget will balance itself... 🤦‍♂️

. & Interest rates will stay low ? With this debt, both hyper inflation and higher interest coming. Watch ... 🤔 .

Unfortunately 30% of Canadians still believe his bullshit

Another lunatic destroying Canada

That statement alone shows Canadians how incompetent she is.

Norway is one of the richest countries in the world and their citizens are affluent. How did they acquire all this wealth over the last 30 plus years? Gas and oil. Canada had opportunities to match Norway’s wealth but we all know where that went.

What a wonderful legacy you are leaving our Grandchildren . Spend as much as you can and let them figure it out in fifty years nice.

fakenews

She's as sharp as a round table!

Lmao I am sorry what ?

Not ‘fact-checking’ liberals?

You know who benefits from extremely low interest rates? The rich donors to the Liberal Party of Canada.

To be this short sighted is staggeringly stupid. Low rates will not be around forever and when they go up, Canada will be crushed fiscally.

Oh, interest rates will be going up. Then you will see the endgame. No property for you! Here is a nice dish of economic collapse for you to enjoy instead. Lol.

So, what are the debt payments on Canada's debt of $1.2 Trillion? And climbing $Billions more by the time we get rid of Trudeau. How much of the budget will go to paying for that every year. What happens when the interest rates climb?

Insane. What bank would lend an individual or corporation with comparable debt? Interest rates are superficial when the income is not there, no sight of being there. You can only spend way out of debt when you have a job otherwise the bank forecloses seeing credit cards maxed.

Which bankS are they borrowing money from. I understood that the government stopped borrowing money from the BoC in the 70s.

Here’s the maturity profile of Canada’s debt. The majority of borrowing will mature in 3 years or less. Canada has a reset risk (in 3 years) and there is no way to hedge such a massive position. Freeland is going to nuke Canada’s financial system. cdnpoli

They don’t control the interest rates. And if they go up, we’re fucked permanently. It’s like getting buying a house you can’t afford due to low interest rates.

That’s 10,500.00 of liability inflicted on every person in Canada....and they say they aren’t done yet!

Its not affordable at all, and what happens if rates go up? And why are we going to get a lot more taxes?

And her financial background is exactly what?

She is wrong

Let the good times roll. Max out the line of credit and get that new ATV, Bass Boat, Giant Flat Screen etc... It will stimulate the economy and we’ll all wake up - screwed.

Mark Carney is one of the architects of Canada's recovery plan...I would be concerned if it was the tool.

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