Of course, those who have opted for a floating rate—some 25 per cent of mortgages—have already seen their rate resetting higher. That said, we are seeing some other evidence of the impact of higher interest rates. Banks have increased the interest rates on new loans—not just mortgages, but also other forms of consumer and business borrowing.
2 Workforce Development Initiatives and Challenges Workforce development is a bit of a catchall phrase encompassing different types of initiatives that help prepare people for jobs by providing them with training, placement  1  CRA information is available on the Board’s website at https://www.federalreserve.gov/apps/crape/BankRating.aspx. 2 See the Federal Financial Institutions Examination Council’s CRA webpage “Interagency Questions and Answers” available at https://www.ffiec.gov/cra/qnadoc.htm.