Jim Flaherty: Bank Executives

Minister Of Finance Dept: I find it a bit off that some of the bank executives are taking the position that the Minister of Finance or the government somehow should tell them how to run their business, Flaherty said at a news conference in Stittsville, in Ottawa s west end, during an event to promote the government s tax credit for volunteer fire fighters. Real Estate Mapping average home prices across Canada Where housing costs have gone up, down or stalled, according to CBC. "It s their market. It s not my market. They decide what they want to charge in interest rates. They re the ones who make the profits out of this business, so I do find it a bit much when some of the bank executives turn to the government, the Minister of Finance and say, You ought to change the rules and make it tighter and finance Minister Jim Flaherty fired back Thursday at those in Canada's banking industry who have called on Ottawa to tighten lending regulations in order to check the growth in Canadians' high personal debt loads. "They must forget that they are actually the ones who issue the mortgages," Flaherty said. (www.immigrantscanada.com). As reported in the news.