One of the things I noted was that you used to be a board member at Scotiabank. Many years prior to that, I was a commercial banker at Scotiabank. I won't blame you for all the loans I proposed internally with the bank that were turned down for my clients, but I think as someone who has worked in risk management and knows so much about that field, you can appreciate, as I can appreciate as someone who tried to extend loans to clients, the impact that interest rates have on borrowing costs.
That's one of the things I get asked about a lot by my constituents in Etobicoke Centre—where are interest rates going? These are either homeowners or prospective homeowners looking to buy a home and thinking about their mortgage rates, or they're business owners looking to borrow money to invest in and grow their businesses.
What would you tell Canadians about where you expect interest rates to go?