The Financial Post reports in its Friday, Dec. 29, edition that whether Canadians can survive the mortgage-renewal cliff is a question that gained urgency in 2023 as economists and policymakers contemplated the impact that the millions of mortgage renewals expected over the next two years at significantly higher interest rates will have on consumers and the economy. The Post's Denise Paglinawan writes that Andrew Moor, chief executive officer of Equitable Bank parent EQB Inc., says Canadian borrowers understand what they are about to face, with the vast majority positioned to handle higher payments comfortably. Mr. Moor says: The employment rate is staying strong so people have income and they'll be able to pay their mortgages. It may require putting in a bit of an extra effort or an extra shift. It may require reducing spending elsewhere. But I think the vast majority of people can handle their mortgage payments, there's no doubt. There are some who got caught out a little bit on variable-rate mortgages in the rising-rate environment. ... Some people will have some challenges but the vast majority of Canadian mortgage holders will be able to handle it quite comfortably."