Page 326 states the Bank of Canada has a "target inflation rate" of 2%. Page 334 states: "The Bank of Canada's inflation control target range is ] to 3 percent." Due to the pandemic and supply chain issues, Canada's inflation rate has risen dramatically during 2021; from a low of 1% in January to 4.4% in September. Since April the inflation rate has been above the Bank of Canada's target of 1 to 3 percent. This indicates the B of C will soon be raising the interest rate. You can view the monthly inflation rates from 1990 to the present on the following site: https://www.rateinflation.com/inflation-rate/canada- historical-inflation-rate/ Higher interest rates will increase the cost of borrowing. This will increase the cost of mortgages for individuals who must renew their mortgages - bad for existing homeowners. But higher rates should reduce the price of houses (page 327) - good for individuals wanting to buy a home. A previous Discussion Board topic asked if you were worried that you would never be able to afford a home given the historically high real estate prices. Higher interest rates should reduce the price of houses; but increase the interest expense. A trade-off? From a personal perspective, are you in favour of higher interest rates