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 to Statistics Canada's census metropolitan areas: (a) how high must the benchmark interest rate rise to bring annual inflation rates below the Bank of Canada's target to achieve an annual average rate of the Bank of Canada's target over the next five years; (b) by how much will the interest rate increase 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 over the next five years; 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.