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Neil Saravanamuttoo

@NSaravanamuttoo

Community organizer, CitySHAPES director, former G20 infrastructure chief economist, Substacks: Fix Your City, the 613

calendar_today14-04-2018 21:28:43

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Neil Saravanamuttoo
@NSaravanamuttoo

6 months ago

6. Lansdowne proposal makes interest rate assumptions that have zero margin for error

In 2022, L2.0 assumed 4% rates, when Bank of Canada policy rate was 1%

Today, L2.1 assumes 4.25% when BoC is 5%

Not prudent planning! Taxpayers on hook for $1.3m/yr for each 0.5% we get wrong

6. Lansdowne proposal makes interest rate assumptions that have zero margin for error In 2022, L2.0 assumed 4% rates, when Bank of Canada policy rate was 1% Today, L2.1 assumes 4.25% when BoC is 5% Not prudent planning! Taxpayers on hook for $1.3m/yr for each 0.5% we get wrong
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