—I share what I feel is your concern about personal or household debt. We have tightened up mortgage rules to make sure that people take a very serious approach to encumbrances that they take on, the debts they take on; that they understand that.... That's why we've put in place funding for a financial literacy leader: to make sure that people can become more educated, to make sure they understand what responsibilities come along with taking on debt.
I'm not the first one to make this statement and I won't be the last: interest rates have only one way to go, and that's up. Canadians need to recognize that whatever debt you take on now, please plan on the cost of carrying that debt increasing at some point. It may stay low for a long time; we don't know that. But the downside is much less than the upside possibilities.