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Canada boosts housing oversight as banks warn on economy

Posted on 05 April 2012

Canadian authorities are stepping up oversight of the nation’s housing market even as lenders such as Bank of Nova Scotia warn that tougher rules could threaten the economic recovery.
The country’s banking regulator, the Office of the Superintendent of Financial Institutions, said Tuesdsay it will boost supervision of private mortgage insurers while examining “emerging” risks to the financial system in several areas, including residential mortgages………………………………………..Full Article: Source


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