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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
(MNI) OTTAWA
OTTAWA (MNI)
Canada's independent budget office said Tuesday the federal debt service ratio will fall to a record low 7% in fiscal 2023-24, and even if interest rates jumped by 1 percentage point that figure would only climb to 11.6%, where it was less than a decade ago.
The Parliamentary Budget Office said that in absolute terms, a permanent 1 percentage point rise in interest rates would raise annual public debt charges by CAD12.8 billion by 2025-26. Canada's debt ratio of interest payments to tax revenue reached almost 50% around 1990 just before Canada went through a wrenching cycle of austerity to preserve its creditworthiness.
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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