Minister, we appreciate your belated recognition.
Now, Minister, in the last 24 hours we've heard another warning from Governor Carney about the level of household debt in Canada. We've seen now two Canadian banks—both BMO and now TD—pushing 2.99% four-year mortgages.
Do you have some concern, given the unprecedented level of personal debt, about cheaper money and cheaper debt being promoted to Canadians at this time? Would you agree with Governor Carney that we have a personal debt and potentially housing bubble in Canada?