CBC News reports that the minister said the government is keeping an eye on risks to the market in order to “ensure the housing market is stable and that people are protected in their important investment."
Mr Morneau also said that the government was keen to ensure that the relationship between Canada and the new US president would be of benefit to trade but said that formal discussions have not yet taken place with president-elect Trump.
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Ottawa will continue to monitor the housing market but is not planning to introduce any further measures for now. That was the message from federal finance minister Bill Morneau when he met with private sector economists Friday and later spoke to journalists.