IMF HEAD PRAISES CANADA'S FINANCIAL SYSTEMS

Oct 26, 2012

By Bob Sheppard

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IMF

The head of the International Monetary Fund says nations trying to fix their financial systems should follow Canada’s example.

Christine Lagarde says Canada is a leader in creating policies intended to rein in the build-up of household debt.

Lagarde points to Finance Minister Jim Flaherty’s move to boost down payments on new mortgages for homebuyers as a great example of restraint.

She made the comments in a speech last night in Toronto.

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