The Financial Post reports in its Friday edition that the Bank of Canada started increasing interest rates over two years ago to address rising inflation. The Post's Jordan Gowling writes that while inflation is not completely resolved, it is beginning to ease. However, new issues are arising for BOC Governor Tiff Macklem to manage. Mr. Macklem says, "The balance of worries is shifting." He says a lot of progress has been made getting inflation down. He says, "We want inflation to come down, but we want it to come down sustainably to 2 per cent." He says the economy still needs "somewhat restrictive policy," but there is the potential for more rate cuts if the inflation forecast remains on its path back to target, which policy-makers expect to achieve next year. Household debt in Canada is at record highs, the debt-to-income ratio has hit 180 per cent and a significant number of mortgages are up for renewal next year. Mr. Macklem says: "We've been through a difficult period, we're not all the way back, but we're coming out of it. Interest rates are coming down, that means that Canadians are going to have more income left after they made their debt payments to spend on other things, things they want, things they need."