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MNI BRIEF: Canada Lifts CMB Cap Even As Reviews Ending Program

OTTAWA (MNI)

Finance Minister Chrystia Freeland on Tuesday boosted the annual limit on Canada Mortgage Bond sales to CAD60 billion from CAD40 billion even while affirming the program remains under review for elimination.

Freeland said the move will help unlock money to ease tight housing markets. (See: MNI: Canada Warned Ending Mortgage Bonds Could Be Costly)

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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