(Source: Reuters)

Canada sees no immediate need to put the brakes on a heated housing market by toughening lending rules, Finance Minister Jim Flaherty said on Friday as fears rose that a housing bubble may be forming.

Flaherty did say, however, that he was monitoring rising debt levels following a Bank of Canada warning on Thursday that household debt poses an increased risk to the economy.

Read the full article, “Canada’s Flaherty says won’t put brakes on housing” at Reuters (Dec 11, 2009).

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