Our Bank of Canada Governor, Stephen Poloz says that interest rates will remain low for some time. Not exactly what I want to hear. Like most things political or economic, interest rates affect people differently. What is good for some is not so good for others. Low interest rates are good for borrowers and most businesses, but not good for savers or most investors. They are especially not good for seniors whose disposal income depends on savings or investments, or those on fixed incomes whose buying power will be pummeled by inflation. We usually have some inflation, but keeping interest rates artificially low for too long could lead to an unhealthy amount of inflation which will eat away many seniors' ability to to live in dignity.