Ottawa, December 17, 2012

Archived - Statement by the Honourable Jim Flaherty, Minister of Finance, Concerning the Successful Implementation of the Legal Framework for Canadian Covered Bonds

Archived information

Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

Related Document:

“I am pleased to announce that the Government of Canada has finalized implementation of the legal framework for Canadian covered bonds, to be administered by Canada Mortgage and Housing Corporation (CMHC).

“With the release of the details of the legal framework, CMHC is now in a position to begin accepting applications under the covered bond framework which our Government announced in Economic Action Plan 2012. The framework will be available to federally and provincially regulated mortgage lenders in Canada.

“This framework will support financial stability by helping lenders find new sources of funding and by making the market for covered bonds more robust. This will help reinforce the stability of Canada’s financial system, benefitting Canadian families.”

For further information, media may contact:

Kathleen Perchaluk
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

Stay connected: