Allowing people to borrow more now is like handing an alcoholic a bottle of Vodka and tell them not to worry about it.
A bank passbook ? Who still has those ? What if you find a bank passbook to a dormant account, what should you do next is a good question.
A cane in your box today signifies, getting older. If you are getting older, maybe it is time to think about RRSP ?
In 2008 the TD rate was dropping, but eventually what goes down must come back up, and that is very trust these days.