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A home for sale in Toronto.

Fred Lum/Fred Lum/The Globe and Mail

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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About the Author
Report on Business Community Editor

Dianne Nice is community editor for Report on Business and writes about social media. Previously, she was The Globe's online editor for Careers and Personal Finance and has written about these topics for Report on Business and Globe Investor. More

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