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Bill Morneau

Bill Morneau

Minister of Finance

May 2nd, 2017

Bill Morneau said on Tuesday that while there were pockets of risk in the housing markets in Toronto and Vancouver, there was no link between that and the troubles facing alternative mortgage lender Home Capital Group Inc.

"It is true that we are facing some pockets of risk in our housing markets in Vancouver and Toronto, and certainly it is true that there was a challenge with this particular company. We do not see those two things as linked," Morneau told parliament.

Or perhaps just the canary in the coal mine?

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