Canada to spend more on debt after rate forecasts edge higher: Bloomberg
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Erik Hertzberg and Jay Zhao-Murray of Bloomberg News report that the federal government is already revising its estimates for public debt charges for this year, just over one month since releasing its budget. The federal government is now projecting that debt charges will be $1.9 billion more than it had forecast. Treasury Board President Anita Anand said the increased costs are primarily due to higher projected interest rates and higher borrowing requirements.
