RE:RE:We all know..this is a major reason. Along with bailouts on the taxpayers backs, etc...
as Dowell stated in 2022....
Justin Trudeau has massively increased Canada’s national debt during times of prosperity, and hard economic times. He has increased the debt from 612 billion, when he took office to 1.16 trillion today. In his 7 years in office he has increased the debt by almost as much as was accumulated in the 148 years before his assuming office. It seems he is unable, or unwilling to stop spending other people’s money beyond their ability to repay it, The only way to deal with the debt is to inflate it away. If you pay more for a good or service the government makes more on G.S.T., excise taxes and import duties. If you get a raise to cope with higher prices, the government collects more income tax. As the purchasing power of the dollar goes down, the value of the debt in real terms decreases.
The massive debt is also pushing up interest rates. In 2020 the federal government issued $369 billion in debt securities (government bonds). After flooding the market, higher interest rates are necessary to continue the government’s policy of spending by borrowing.