Thank you so much for the question.
Yes, we're absolutely pleased that the government has made the announcement to lower the criminal interest rate to 35% annual percentage rate, or APR. I think the next step is a proposal to improve enforcement of the criminal rate of interest, which can be a very promising step for Canadians.
In our experience, there are Calgarians who have taken credit cards that are higher than the 35% annual percentage rate. One participant that we know of has taken a credit card at 36% APR.