'Impossible to say' what outcome of new housing rules will be: Morneau

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TORONTO - Finance Minister Bill Morneau says it's "impossible to say with absolute clarity" what the impacts of new mortgage rules introduced by Ottawa earlier this month will be.

"What we expect will happen is that as people look towards taking on a mortgage, they will do what most people are already doing and ensure that they take on a mortgage that's appropriate for their situation," Morneau told reporters in Toronto Thursday.

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