Thank you very much.
A lot of Canadians are struggling with the cost of living and, frankly, are having these challenges exacerbated by predatory lenders. So I'm really pleased to see the government taking strong action on this file by reducing the criminal rate of interest from 60% to 35% and capping charges that payday lenders can place on Canadians. I think this is going to make a huge difference for some folks who are really struggling with the cost of living and who are very vulnerable.
I also understand that the government is launching consultations on lowering the criminal rate of interest even further through budget 2023.
Can I ask one of you to comment on who is most likely to benefit from these changes to the criminal rate of interest?