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cmkl: Suddenly Jim Flaherty is worried about races to the bottom

More about this “banana republic” intervention Jim Flaherty waged on Manulife Financial to get them to raise their five year mortgage rate. Apparently he did it because he’s worried about the rise in consumer debt to income ratio and he’s worried that if the cost of borrowing gets cheaper again, while house prices stay high, . . . → Read More: cmkl: Suddenly Jim Flaherty is worried about races to the bottom