Thank you, Madam Chair. It's a hard estimate to do quickly. It would be dependent on how much of this increase we're actually going to use, when we're going to use it, how we borrow it. What I can say from our current projections, right now, we're using banking overdraft, which is a much higher percentage. I do believe it's around prime plus one, so that's about 4.95 percent right now. Depending if we're using bank overdraft to our short-term rate, which is 1.97, I do believe, at the end of the day, even if we do this increase, if we use the instruments available to us at a lower cost, it would more than offset it and be about the same at the end of the year. Thank you, Madam Chair.
Mr. Koe on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on December 11th, 2019. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
December 10th, 2019
Page 78
Koe
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