The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Finance Minister Jim Flaherty talks to reporters prior to the release of his budget in Ottawa, March 21 2013.
Finance Minister Jim Flaherty talks to reporters prior to the release of his budget in Ottawa, March 21 2013.
(FRED CHARTRAND/THE CANADIAN PRESS)

Editor's letter: Why bankers are secretly happy over Flaherty's mortgage rage

The big banks were quietly peeved with Jim Flaherty this week. While the Finance Minister got out of Dodge in a hurry after his March 21 budget, heading to East Asia within 36 hours of his speech, his mortgage mantra didn’t fade from the fray.

The finger-wagging Finance Minister continues to chastise any push for lower mortgage rates, which is an astonishing move for a small c-conservative.