Canadian Politics Today

Debt servicing costs are a function of interest rates. Are you going to guarantee they won't go up in your children's and grand children's lifetimes?

In 1979 I took out a mortgage at 9%. Five years later I had to renew at 18% and a month later they went to 20%.

I can guarantee that as long as the economy is growing faster than the debt, the debt will get easier to handle.