In the sense that we could continue to run deficits indefinitely, yes, that is so. We have a Canadian economy that's worth $2 trillion. Even if it's not growing at 5%, which would be ideal, let's say that it grows at 3%, which is likely what we'll see next year, in nominal terms. That's more rapid than the $25 billion or $28 billion we're adding to debt. This means it becomes more affordable over time.
On February 16th, 2016. See this statement in context.