The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Evan Siddall, President and Chief Executive Officer of the Canada Mortgage and Housing Corporation (CMHC) sits down with the Globe and Mail for an interview on June 16 2014.
Evan Siddall, President and Chief Executive Officer of the Canada Mortgage and Housing Corporation (CMHC) sits down with the Globe and Mail for an interview on June 16 2014.
(Fred Lum For The Globe and Mail)

Loss of CMHC funding subsidy would only sting banks

Getting at exactly how much Canadian taxpayers subsidize the country’s banks through mortgage-securitization guarantees is an inexact business, but it’s clear that, while the number would be significant, the nation’s lenders would not suffer too badly.

Canada Mortgage & Housing Corp. chief executive officer Evan Siddall said this week in an interview with the Globe and Mail that the subsidy should go.