Canada: Staff Report for the 2003 Article IV Consultation

February 25, 2003

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Format: Chicago

Canada: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

This 2003 Article IV Consultation highlights that Canada’s strong policy framework has brought impressive economic results, and the Canadian economy has proven exceptionally resilient in the face of the recent global downturn. Economic activity slowed relatively modestly in 2001, with only one quarter of output decline recorded, and growth recovered strongly thereafter, averaging 4 percent over the subsequent four quarters. Household consumption and residential investment have remained robust. Household and business demand was supported by sustained productivity growth, rapid growth of employment and labor incomes, and gains in real estate prices.

Subject: Banking, Budget planning and preparation, Health, Health care, Inflation, Prices, Production, Productivity, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, Composite index, Core inflation, CR, Global, Headline CPI inflation, Health care, Hike, Inflation, Inflation expectation, ISCR, North America, Ontario government, Productivity, Report update

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/033
Stock No:

1CANEA0012003
ISBN:

9781451806892
ISSN:

1934-7685

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