“It’s possible there is some borrowing or lending that may not be fully responsible that’s gone on over the past year or so,” says Reitzes. “And there could be some necessary belt tightening on the back of this.”
“All this debt that’s been accumulated is going to hurt,” says Bernard Wolf, professor emeritus of economics and international business with the Schulich School of Business at York University in Toronto. Some Canadians may think that sounds like a problem for Freeland to sort out, not them. But unfortunately, Wolf explains, if spending continues at the rates we saw during the pandemic, the government will eventually need to find money elsewhere.That, or the government will find itself with less money to allocate to social programs and services.
But many of the government’s new programs will take years to accomplish that goal. For now, with inflation still creeping up and interest rates on the rise, it’s hard to know what the coming months or years will hold for Canadian consumers.
Freeland is now known as a liberal of deception and explicitly a politician of lower value like her boss Trudeau.
Unemployment!
She has long ago lost all credibility.
Someone as arrogant as Freeland has no concerns because she knows everything about everything, and is never wrong 🙄
I remember them saying 'oh don't worry about the debt... its strategic because cost of borrowing is low'....
Freeland doesn't care about rising interests. Oh she can put on a show but she is trying to destroy Canadians and leave them in poverty . She will destroy us with her double-speak. I can't wait until Trudeau and her are gone for good.
Kenney did this to Alberta
National post needs to worry about putting lies out there 😼
She has NO FRIKKEN CLUE, nor does she even care....it appears, the only thing she wants is what the WEF is mandating.
Lather up the fear mongering, Conrad!
If people are afraid of interest rates going up because it will increase payments on their mortgage, why is there a stress test? Where the “theoretical rate” is higher than the actual rate. Isn’t that done to ensure the home buyer can handle an increase in interest if it comes?
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Source: VancouverSun - 🏆 49. / 61 Read more »
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