Head of the International Monetary Fund praises Canada for its policies on household debt
Posted by news | Filed under All News Stories, Durham, Politics
Canada is getting high praise from the head of the International Monetary Fund. Speaking in Toronto, Christine Lagarde says Canada is a world leader when it comes to creating policies to control household debt. Lagarde points to Finance Minister and Whitby Oshawa MP Jim Flaherty’s changes to Canadian mortgage rules as a prime example. The tightening of rules was an effort to help Canadians from drowning in mortgage debt.
