Enquirica Research – Tongue Firmly in Check Jim Flaherty Wants to Reduce High Debt Levels – of Private Lenders Only of Course January 17, 2011 Calgary In a spirit of some irony, Finance Minister Jim Flaherty has announced 3 new mortgage regulations attempting to reduce Canadians' household debt:

Mortgage amortization periods will be reduced to 30 years from 35 years. The maximum amount Canadians can borrow to refinance their mortgages

will be reduced to 85% from 90%. The government will no longer insure lines of credit secured on homes.

According to Jim Flaherty "Our measures will help improve the financial situation of households in Canada.” So while simultaneously lecturing private sector borrowers for profligate behavior, Flaherty endorses the Bank of Canada’s aggressive low interest rate policy and is the Finance Minister of a government running massive fiscal deficits. What are we to take from this – only excessive government debt is good? Only the financial sector should use the artificially low cost funding created by the Bank of Canada? There is an element of wanting to have your cake and eat it to in Mr. Flaherty’s announcements – by slashing rates to bail out the financial sector, the government/BOC have triggered a consumer-borrowing spree. Want to stop reckless consumer borrowing – it’s simple. Allow interest rates to return to market levels – the only problem with this plan is that it threatens the privileged banking sector with a rate hike. Enquirica Research is a Calgary based research firm focusing on independent analysis of alternative asset classes, exempt market securities and investment opportunities, primarily in western Canada and particularly in agriculture and energy. Enquirica research is available on its website - www.enquirica.com. DISCLAIMER: The opinions, estimates, projections and other information which is contained herein and derived from or attributable to persons other than ENQUIRICA is neither endorsed nor adopted by ENQUIRICA – it is presented for informational purposes only. Further, the opinions, estimates, projections and other information contained herein are not intended and are not to be construed as an offer to sell, or a solicitation to buy any securities, including any exempt market securities, nor shall such opinions, estimates, projections and other information be considered as investment advice or as a recommendation to enter into any transaction or engage an investment advisor or exempt market dealer. Readers must contact their registered investment adviser or exempt market dealer for information that is tailored to their specific needs. FORWARD-LOOKING INFORMATION: This news release may contain certain information that is forward looking and, by its nature, such forward-looking information is subject to important risks and uncertainties. The words "anticipate",

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