A large part of the reason why people aren't seeing the promised savings is because the government is largely playing a shell game.

First off the 17% "reduction" in rates is actually about a 12% reduction.  They get the 17% from the fact that they previously expected to RAISE rates 5% year-over-year but now are lowering them by 12% instead,

Second, the "reduction" was achieved by refinancing on a longer term.  Essentially like changing your mortgage from 25 years to 30 years: your monthly payments go down but your principal hasn't changed and you pay more interest in total.

Third, many of the plans are so convoluted that few people benefit from all of them.  They have a bunch of different plans targeted different voting groups adding tons of overhead and complication, but many people and businesses "fall through the cracks" and end up footing the bill.

The reality is that the Liberals made a MESS of this whole situation.