Ottawa to limit taxpayers’ exposure to mortgage market
March 31st, 2013
Finance Minister Jim Flaherty is stepping into Canada’s mortgage insurance market once again.
In the federal budget tabled Thursday, Ottawa announced further steps to limit taxpayers’ exposure to the mortgage market by cracking down on banks’ ability to use bulk mortgage insurance as a tool to offset their risks and boost their bottom lines.
The move is the latest indication of Mr. Flaherty ...