Thank you for that clarification.
If I understand you, there's no increased risk to CMHC from these proposed changes. They're being used as a vehicle to administer the covered bonds but they don't accept any liability for any of these products.
On May 16th, 2012. See this statement in context.
May 16th, 2012 / 9:05 p.m.
NDP
Peggy Nash NDP Parkdale—High Park, ON
Thank you for that clarification.
If I understand you, there's no increased risk to CMHC from these proposed changes. They're being used as a vehicle to administer the covered bonds but they don't accept any liability for any of these products.
See context to find out what was said next.