Mr. Speaker, while households are struggling with higher mortgage and interest costs, the Canadian taxpayer is going to get side-swiped. That is because this year the government has to borrow over $420 billion just to satisfy its spending and deficits. It also expected to pay almost $44 billion in servicing the debt, except that assumed interest rates were going to come down by the end of this year and interest rates have gone up.
Will the Minister of Finance stand up and tell Canadians how much taxpayers are on the hook because interest rates have not come down?