May 2, 2017 / 7:14 PM / 7 months ago

Canada's Morneau: No link between housing risks, Home Capital

OTTAWA (Reuters) - Canadian Finance Minister Bill Morneau said on Tuesday that while there were pockets of risk in the housing markets in Toronto and Vancouver, there was no link between that and the troubles facing alternative mortgage lender Home Capital Group Inc.

Canada's Finance Minister Bill Morneau delivers the federal budget in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, March 22, 2017. REUTERS/Chris Wattie

“It is true that we are facing some pockets of risk in our housing markets in Vancouver and Toronto, and certainly it is true that there was a challenge with this particular company. We do not see those two things as linked,” Morneau told parliament.

Reporting by Andrea Hopkins; Editing by Peter Cooney

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