<<< back to article list

Conservative minister Bernier criticizes Flaherty for mortgage rate intervention


Blog by Brad Herman | March 21st, 2013


OTTAWA — Not everyone in the Conservative cabinet is backing Jim Flaherty’s latest intervention in the mortgage market.
Small Business Minister Maxime Bernier believes the finance minister overstepped his bounds by having his office phone Manulife Financial and ask they withdraw their discount on five-year mortgages to 2.89% from 3.09.
http://business.financialpost.com/2013/03/20/flaherty-manulife-mortgage-bernier/?__lsa=2e25-bf19