Debt Demands Rise in Canada as Carney Prepares More Spending

The supply of Canada’s government debt is set to hit a record this fiscal year as Prime Minister Mark Carney pledges to use the federal balance sheet to make investments in the economy.

Gross issuance — the amount of government of Canada bonds and treasury bills put to market — is expected to rise to C$612 billion this fiscal year, according to an updated debt management strategy released by the Department of Finance on Wednesday.