We have done some analysis. We have surveyed some databases that are representative of the Canadian economy. Obviously interest rates are incredibly low at present, both the Bank of Canada rate and the rates at which banks are lending to Canadians, and mortgage rates as well. The consequence is that you have to have a lot of debt relative to your income to be financially vulnerable.
The most recent analysis we did of this, which was probably six months ago for the December financial sector review, shows that at present around 8% of borrowers are in this category. We did some sensitivity analysis, some stress tests, around it, and the thing we've tried to show is what happens if interest rates start to move towards a more historic level—not very high levels, but more historic levels—and what happens if there's a shock, as we discussed earlier, that increases unemployment. Then we get up into numbers, such as that one in ten Canadians could be in that situation. Rates go up, and because of floating rate debt and repricing of debt—or unemployment as well, and at the same time, because often the two go together—and because the proportion of debt stock that's held by vulnerable households is slightly higher, we start to see that unhelpful dynamic.
We will share that analysis.