Thank you, Mr. Chairman. The forecast of interest cost is based on a current rate of six percent and the forecasts that are being put out by the Conference Board of Canada, and other forecasting agencies including the chartered banks, were that the short term interest rates would go up to about 6.5 percent early in the new year. So their forecasts are based on those interest rates. Our total forecast of interest costs for this year are $3.8 million.
Ms. Melhorn on Human Resources
In the Legislative Assembly on July 6th, 2000. See this statement in context.
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
July 6th, 2000
Page 583
Melhorn
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