Servicing the federal debt is typically stimulates the economy, it's not just wasting money. The federal debt is held mostly by Canadian banks and individuals as bonds. When we service the debt, we're paying the agreed upon bond returns by creating new money (they literally just change the account balance on a computer). It's not something we have to pay back in taxes later. Servicing the federal debt is nothing like the interest payments on my mortgage.
There is a separate discussion about whether injecting brand new money into the economy in this way causes inflation or not. My opinion is that it really depends on where that money goes because we're not on the gold standard any more. I think this money is contributing to house price inflation. But, again, that's a separate discussion.
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