The federal government moved to put billions of dollars in equity into Canada's mortgage market. Finance Minister Jim Flaherty made the announcement October 10th in Ottawa. (The move was a bid to ease a growing credit crunch faced by the country's banks and other financial institutions.)

Date: 2008-10-10
Placeline: OTTAWA, Ontario.
Source: The Canadian Press
Length: 18 seconds

Transcript Prediction: << today I am announcing our government's plan to maintain the availability of longer-term credit in Canada by purchasing up to 25 billion dollars and insured mortgage pools through the Canada mortgage and housing Corporation >>

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