Is The Government Trying To Prop Up The Housing Market ?
The Canadian federal government will, through the Bank of Canada as agent, purchase $3.75 billion of 10-year duration Canadian Mortgage Bonds (CMBs) in a syndicated transaction.
- What are CMB's ( Canadian Mortgage Bonds) and MBS's (Mortgage Backed Securities) ?
- How the government plans on using these bonds
- Foreign capital leaves Canada and we are almost at 41 million people
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