Mr. Chair, our government and the Bank of Canada's debt-management program is second to none in the world. We are making a careful and thoughtful effort to lock in longer-term maturities and move to longer-term instruments. That is what we are doing. Instruments are maturing all the time and are being moved into longer-maturity, lower-interest-rate debt.
In the House of Commons on November 5th, 2020. See this statement in context.