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A home for sale in Toronto. (Fred Lum/Fred Lum/The Globe and Mail)
A home for sale in Toronto. (Fred Lum/Fred Lum/The Globe and Mail)

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Finance Minister Jim Flaherty has intervened in the mortgage war, asking Manulife Bank to reverse its move to lower the rate on a five-year fixed mortgage to 2.89 per cent. The Globe and Mail reports that the move has raised questions about the degree to which the government should interfere in rate-setting decisions.

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