Right, because we're borrowing so much money. Our great-grandchildren are going to be paying for it all.
You've borrowed $371 billion since March, and 83% of it is in short-term lending in an environment when any responsible borrower would want to lock in for long-term rates.
We're going to have rates going up in the medium term, and then we're going to be in a financial crunch, because this enormous stock of debt will be far more expensive than it would have been if Finance Canada had locked in below 1% rates over the 30-year terms and 50-year terms.