The Canadian Press

2008-10-10 | Economy Flaherty

Preview Clip

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 >>