According to Statistics Canada, Canadians' debt-to-disposable income ratio is now 184%. As Canadians run out of money, you are continuing to raise interest rates as a result of homegrown inflation. One in five Canadians is skipping meals or cutting back on food. Almost 50% of Canadians say their finances are worse than a year ago. Half of variable mortgage holders have hit the trigger rate.
How many Canadians will have to default on loans, miss mortgage payments or not be able to buy groceries before the bank considers the interest rate to be too high?