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Part Five
From: Fleeced
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In this chapter, Spence examines how Canada’s mortgage lending became concentrated among a handful of chartered banks, with CMHC insurance enabling lower down payments while leaving households bearing re-pricing risk.
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Contributors
Andrew Spence
Andrew Spence is an independent financial consultant and economist. Andrew has extensive experience in banking from time spent in Canadian and global banks. He was also an investment executive at two of Canada’s largest pension plans and was Special Adviser to the Governor of the Bank of Canada.
