In terms of how it affected financial markets, it did have an immediate impact, but I don't think it's long-lasting at this point until we know a little bit further what the situation is surrounding it.

I think he'll make an immediate impact because of the skills that he has.

I suppose the Ivey may be having some small effects, but we don't think it should be. Fundamentally we don't think there's been any real shift in the Canadian economy.

We've had quite a significant appreciation this week, and I think this is sort of a holding pattern before we get the Bank of Canada next week.

Look at what is happening here and think of it in terms of real life and how it affected the life of Joseph, the life of David, or Jesus, or Paul.

Most borrowers have some financial cushion so the impact won't be immediate; spending an extra $380 is manageable at first. But it's safe to say there are some who will find themselves in budgetary difficulties a year or two down the road.