A one percentage point increase in the effective interest rate would increase Ottawa's annual debt interest costs by $13.8 billion.
The Trudeau government will run a record budget deficit approaching $400 billion.
The federal debt will reach nearly 70 per cent of GDP by 2050.
The federal budget deficit in 2020-21 is an esitmated $343.2 billion.
Debt interest will cost Ottawa an estimated $19.5 billion this year.
In the 1990s, federal debt-interest costs routinely eclipsed 30 per cent of revenues.
Workers aged 55 years and over hold one-fifth of the jobs in Canada.
Unemployment is lower than it’s been in at least 42 years.
Sale prices in the Greater Toronto Area at the end of 2016 were almost 110 per cent higher than a decade prior.
The higher-than-expected inflation of the late-1980s was one reason the bank switched to inflation targeting.