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John Ivison: Carney shifts to damage control on his condo developer bailout

On Thursday he signalled he might be looking to drop it, but doesn't want to admit it publicly

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Nobody could accuse Mark Carney of lacking intellectual suppleness. A week after enthusiastically endorsing the federal government’s involvement in moves to buy and convert up to 2,500 Vancouver condos that developers can’t unload, on Thursday the prime minister downplayed Ottawa’s role in the scheme.

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At a press conference to mark the end of the parliamentary session, Carney said the whole idea was cooked up by the province of British Columbia and the federal government’s funding of the purchase will be limited to around 10 per cent of the total.

John Ivison: Carney shifts to damage control on his condo developer bailout Back to video

It was the kind of manoeuvre known in the public service as a “flexible application” of the project — in short, dropping it but not wanting to admit it to........

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