Borrowing costs could increase without interest rates changing if lenders believe Canada is becoming a bigger credit risk.
guaranteed income supplement
The fundamental idea is for government to ensure a minimum annual income for all Canadians.
The one-time payment to seniors will cost an estimated $2.5 billion.
The federal deficit this year will reach an estimated $184.2 billion.
The auditor general noted there were 3.8 million more social insurance numbers for Canadians 20 years and older than actual people in that age group.
The Trudeau government’s policy reversal will cost an estimated additional $10.4 billion in 2030.
Health-care costs are expected to increase by 57 per cent by 2045.