Six minutes. Thank you. I will speak very fast. No, no....
Thank you for being here.
It's very interesting data that you have supplied to us. In particular, reinforcing what was said before, Canada's credit market is still functioning well. Most household debt is mortgage debt, and that debt is mostly being serviced on time.
However, there are issues out there, so let's talk about that. You mentioned the K-shaped recovery or economy. We've had many alphabet cycles: the L-shaped recovery, the U shape and the V shape. Now we have the K shape, which I think is a fair description of what is going on, in that the economy has recovered but we are not all benefiting from that recovery. Some segments of the population are indeed in trouble. They are facing high cost of living issues, and they are getting deeper into debt.
I think, from what you and the officials before have said, that something in the range of 7% to 10% of households are the ones on the lower end of the K. They're the ones really experiencing trouble. You see that, I think, in your real-life, real-time data.
First, do you agree with what I've been saying here? If so, what do you suggest we recommend as measures to really focus on that 7% to 10% of households that are getting further into debt?