Without question, that's so. The only caveat, as you know, is that over that period there is some amortization of the underlying debt stock. But initially, with a mortgage, there's not much.
On April 23rd, 2013. See this statement in context.
On April 23rd, 2013. See this statement in context.
April 23rd, 2013 / 10:10 a.m.
Governor, Bank of Canada
Without question, that's so. The only caveat, as you know, is that over that period there is some amortization of the underlying debt stock. But initially, with a mortgage, there's not much.
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