Sorry to be the bearer of bad news but:
Canada not planning to privatize CMHC: official
Mon Oct 22, 2012 2:42pm EDT
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OTTAWA (Reuters) - The Canadian government
denied on Monday a media report that suggested Ottawa might partially privatize
the state-run housing agency, the Canada Mortgage and Housing Corporation
Society (CMHC).
The Globe and Mail newspaper published an interview with Finance Minister Jim
Flaherty who said the CMHC's role in the mortgage insurance business meant it
had become grander than its original mandate. He also said the government should
exit some businesses in five or 10 years.
"Despite what the Globe and Mail said, there are no plans to make that change
at this time," said Junior Finance Minister Ted Menzies.
(Reporting by Louise Egan; Editing by Sandra Maler)