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Finance minister thanks banks for not matching BMO mortgage rate cut

Canadian Press, The Canadian Press
0 Comments| March 8, 2013

OTTAWA - Finance Minister Jim Flaherty, concerned about the Canadian housing market, thanked the country's big banks Friday for not matching a move by the Bank of Montreal to cut its five-year mortgage rate to 2.99 per cent.

"I spoke with them about that this week and expressed my concern," Flaherty said of the Bank of Montreal (TSX:BMO).

© The Canadian Press, 2013

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