For the 4th time in a row the CMHC auction was unsubscribed. They offerred $4 Billion to the market and was only able to sell $1.57 Billion.
This is good news to the market. Karen Kinsley, President of CMHC told a senate committee that “We believe at this point in time there is a fair amount of liquidity in the system.”
The good news keeps coming…
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