OPINION: Trudeau government can’t bank on low interest rates forever

Article Link: https://torontosun.com/opinion/columnists/opinion-trudeau-government-cant-bank-on-low-interest-rates-forever

Finance Minister Chrystia Freeland recently stated the obvious – that she has “no crystal ball” to determine when interest rates will rise. Indeed, governments can’t control interest rates nor guarantee they will stay low for long. The Trudeau government has used historically low interest rates to justify hundreds of billions of dollars in program spending and $1.2 trillion in projected net debt (2020/21), so it’s critical to understand the risk higher rates pose to federal finances.