With regard to the rate of inflation in 2021 exceeding the Bank of Canada's annual target, according to the Department of Finance's projections, and Statistics Canada's census metropolitan areas: (a) how high must the benchmark interest rate rise to restore inflation to the Bank of Canada's target for each year between 2022 and 2027 inclusively; (b) by how much will the interest rate increases in (a) directly or indirectly increase the cost of servicing Canada's national debt; (c) for each of Statistics Canada's census metropolitan area, how many potential first time homebuyers will the increase in (a) exclude from Canada's real estate markets between 2022 and 2027 inclusively; and (d) for each of Statistics Canada's census metropolitan area, how much will the increase in (a) increase consumer debt?
In the House of Commons on January 31st, 2022. See this statement in context.