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- (AFX UK Focus) 2008-11-12 14:55 UPDATE 1-Canada triples mortgage purchases to boost credit (Interactive Investor)
TORONTO, Nov 12 (Reuters) - The Canadian government will triple the amount of insured mortgages it will buy from banks as part of measures it announced on Wednesday to improve the availability of long-term credit. Other measures included making it cheaper to use government insurance guaranteeing bank borrowing, and regulatory changes to give banks more sources of funding. Finance Minister Jim ... www.iii.co.uk
- Doing damage control - Daily News and Analysis
In a meeting with the country's top bankers, FM P Chidambaram yesterday said that Government banks must reduce interest rates for loans. This effectively will means home loan and other consumer loans EMIs could soon cost less. n It was high time ... www.dnaindia.com
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