Finance Minister Jim Flaherty is warning Canada's biggest banks to be "prudent" when lending money to home buyers in a bid to prevent another mortgage war among the top lenders.
The terse message follows Bank of Montreal's move to cut its price on five-year fixed-rate mortgages to 2.99 percent from 3.09 percent.
http://www.bnn.ca/News/2013/3/4/Flaherty-urges-prudent-mortgage-lending-.aspx
