Prime Minister Justin Trudeau’s government is likely to sell more short-term debt in the next couple of years as it grapples with growing deficits at a time of higher rates, according to Desjardins Group.

The Canadian government has historically tapped the market by issuing more short-duration bonds and bills to finance deficits that are driven by slow economic growth and weak employment, Randall Bartlett, the financial co-operative’s senior director of Canadian economics, said in a report to investors.