RE:RE:Why Canada’s banks stand to benefit as Poloz raises ratesNot even sure why people think rising interest rate would have a negative impact on lenders. Unless interest rate rises to an unbearable figure, the net gain from higher interest rate will offset the defaults as most people will continue try and scrape for money to meet their mortgage obligations. The middle class will always be the one bearing the blunt of economic hardships. They will make things work until things get better; meanwhile the rich gets richer.