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Flaherty wants to privatize CMHC

The Globe and Mail reports Finance Minister Jim Flaherty would like to privatize Canada Mortgage and Housing Corp. within five to 10 years.

The Globe and Mail reports Finance Minister Jim Flaherty would like to privatize Canada Mortgage and Housing Corp. within five to 10 years.

The story notes Flaherty has introduced reforms to limit Ottawa's exposure to Canada's mortgage insurance business, which CMHC dominates. The Globe reports Flaherty would like to go even further and get out of the mortgage insurance business entirely.