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Month: March 2013

Flaherty Warns Banks As BMO Cuts Rates

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  Finance Minister Jim Flaherty is issuing a warning to the country’s banks, as stiff competition for mortgage customers is prompting lenders to cut rates heading into the key spring home-buying season. “My expectation is that banks will engage in prudent lending – not the type of ‘race to the bottom’ practices that led to […]

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