Former Bank of Canada adviser discusses Flaherty's mortgage intervention - Action News
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Former Bank of Canada adviser discusses Flaherty's mortgage intervention

A former special adviser to the governor of the Bank of Canada spoke with CBC's Daybreak about the controversy surrounding the office of Finance Minister Jim Flaherty.
Canada's Finance Minister Jim Flaherty has admitted his office intervened with the mortgage market. (Canadian Press)

A phone call from the office of Finance Minister Jim Flaherty to Manulife Bank isdrawing criticismafter Flaherty admitted a member of his staff told the bank to back offits recent mortgage promotion.

Christopher Ragan, an associateprofessor of economics at McGill University anda former special adviser to the governor of the Bank of Canada, spoke with CBC's Daybreak on Wednesday.