Rudyard Griffiths and Sean Speer examine the dramatic rise in bond yields across Western economies and its implications for heavily indebted governments. They explore whether bond markets are finally disciplining fiscal profligacy after years of deficit spending, discussing how rising borrowing costs could constrain government ambitions around defence spending to social programs. The conversation considers whether Canada faces a fundamental reckoning similar to the 1990s crisis, as higher interest rates challenge both public finances and private investment in an increasingly leveraged economy.

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CREDITS:

Daphne Liang - Producer and Editor

Rudyard Griffiths and Sean Speer - Hosts

Christopher Katsarov/The Canadian Press - Photo Credit

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