One thing is for certain: the older people get, the less income they have. When people retire, many of them are living on fixed incomes. They do not all have RRSPs to make up for the loss of income associated with stopping work. These factors are absolutely important. A higher interest rate definitely has a very negative effect on seniors.
Of course, we understand that there are ways to manage the economy so that inflation ultimately declines. However, there are people who are sort of left by the wayside in these battles. This is the case for seniors. We must also not forget what Ms. Cornellier said earlier, that in the universe of seniors, women make up a much higher proportion than men, because women's life expectancy is much longer. In general, the income earned by women in the labour market is much lower than men's. Total equality has not yet been achieved.
It is therefore extremely important that we address these issues.