In July 2020, you told Canadians “If you’ve got a mortgage or if you’re considering making a major purchase, or you’re a business and you’re considering making an investment, you can be confident rates will be low for a long time”.
Interest rates are now at 4.5%, 18 times higher than the 0.25% rate in February last year. You've also admitted that your previous statements that there would be deflation instead of inflation and that inflation would be transitory were a mistake.
Given this record, what assurances can you give Canadians that efforts you and the bank are taking today will work and not make Canadians' finances worse?