Ottawa is focused on reducing exposure to mortgage market says economist

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Economic policies which apply to the whole country do little to curb the hottest markets and Ottawa seems reluctant to meddle too much anyway. Royal Bank of Canada chief economist Robert Hogue says that a “two speed if not multi-speed market is likely to be the central theme for the year.” In an interview with the Globe and Mail Mr Hogue says that the federal government appears to be focused on reducing the exposure of federal agencies to the mortgage and housing market rather than affecting house prices too much. 

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