-- Justin Trudeau’s government will end up tapping the bond market for around C$250 billion in debt next year, one of the country’s biggest lenders says.Physical Intelligence Is Building a Brain for Robots
“Bond issuance is rising at a historic pace. When the sovereign is abundant with debt, investors need to rethink their allocation strategies,” Pollick said in an email. Nearly a third of the C$156 billion in maturities coming due in fiscal year 2024-25 were issued during the pandemic at much lower yields, Pollick says. That risks adding to already rising interest burdens.Canada’s provinces are also issuing more debt as they’re expected to run deficits that are deeper than previously forecast. On Tuesday, the Quebec government projected financing needs for the coming year are C$36.5 billion, a 70% increase from the current year.
Higher-than-expected interest costs and limited progress on reducing operating expenses have raised concerns from business groups that the Liberals will turn to corporate taxes in their bid to achieve their fiscal goals.
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