I've read that. That's good.
We had the Governor of the Bank of Canada in front of the committee last week in Ottawa, and he was asked about the paydown of the debt when we have an unexpectedly large surplus. He said:
...in periods when revenues are a little stronger than anticipated, I think it's extraordinarily important to use that opportunity to pay down debt. That's how the system is supposed to work. Indeed the accounting rules mean that if you get more revenue, you don't spend it; you have to pay down debt.
It is important to take advantage of strong periods to do that. As I've said before, it's very important—important not only for the Government of Canada, but important in provinces where there is very large revenue growth—to take the opportunity to either pay down debt or put money aside for the future. That helps in the short run; it really helps in the long run.
Would you agree with the Governor of the Bank of Canada, Ms. Korgemets?