If the buck stops at the taxpayer, CMHC needs a renovation

Earlier this year, the Department of Finance convinced Manulife Financial Corp. to withdraw a 2.89 per cent interest rate promotion on five-year closed mortgages. The consensus seems to be that it was a misstep on the part of the Finance Minister’s office to intervene on a case-by-case basis, if the goal was to avoid a low rate war.

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