One may truly feel for our Minister of Finance, as no one likes to talk and be ignored. Yet, this seems to be an experience Mr. Flaherty knows all too well, as the past year he has repeatedly warned Canadians about their increasing personal debt loads, only to have those warnings tuned out.
BMO's recent decision to lower its mortgage rates and potentially trigger yet another mortgage price war among Canadian banks. This has triggered a debate among analysts and commentators about the merits of debt -- one outlining this week why "it's a great time for Canadians to be in debt."
VICTORIA - Jim Flaherty says he's committed to the finance minister's job until the budget is balanced.That likely keeps Flaherty in the role until the spring of 2015, before the next federal election...
BURLINGTON, Ont. - Finance Minister Jim Flaherty said Tuesday that he is "very concerned" about the debt crisis in the United States, warning that Canada would feel an impact if Washington defaulted on its loans.But Flaherty also said he believed that U.S. legislators would reach an agreement allowing Washington to raise its debt ceiling before the Aug. 2 deadline.