Finance Minister Oliver won’t meddle in mortgage market – for now

Article by Tara Perkins, Bill Curry, and Tim Kiladze as posted in The Globe and Mail on March 27, 2014.

“Canada’s new Finance Minister is taking a hands-off approach to the mortgage market, signalling that, unlike his predecessor, he does not want to interfere in the rate-setting decisions of the banks.

Joe Oliver had been the nation’s Finance Minister for one week on Wednesday when Bank of Montreal CEO Bill Downe called to say that BMO was about to bring back its controversial 2.99-per-cent five-year fixed-rate mortgage.”

For the full article, please click here.

No comments yet.

Add your Comment