Thank you, Mr. Chair.
Results from our 2019 financial capabilities survey indicate that nearly three-quarters of Canadians have some type of debt outstanding or used a payday loan at some point over the previous 12 months, and almost 31% believe that they have too much debt. We know that higher debt levels are linked to financial stress, so we've been working hard to inform consumers about how to manage their finances well, and we continue to collect data on debt.