You're right. We're aware of this challenge. There are different segments of the population. There's a large segment of the population who carry some debt for which it is not a problem, but there is a higher proportion of what we would call vulnerable Canadians than there have been in the past.
The way we measure it is to look at what happens to their ability to service their debt today, but also going forward when interest rates go to more normal levels—and we publish some of these simulations—and one gets to levels of one in twelve Canadians. There are a lot of Canadians in food courts and Tim Hortons and around the country who are prospectively in that situation.
The message is one of prudence and caution, if you are in that situation. We are still in exceptional times.
There are still things that can be done. I would underscore that the Bank of Canada's core mandate is to achieve the 2% inflation target with respect to monetary policy. We have noted that given the state of the economy and the amount of slack from our underlying inflation, it may become appropriate to withdraw some of the considerable monetary policy stimulus. Any such decision would be taken with care and careful consideration of domestic and global risks.
There are a few clear messages there for Canadians.