Canada: 2013 Article IV Consultation

February 3, 2014

Preview Citation

Format: Chicago

Canada: 2013 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed December 26, 2024

Summary

This Informational Annex highlights the Canadian authorities’ free-floating exchange rate regime. The exchange rate regime is free from exchange restrictions and multiple currency practices. The Canadian authorities do not maintain margins with respect to exchange transactions. However, the authorities may intervene to ensure orderly conditions in the exchange market. There are no taxes or subsidies on purchases or sales of foreign exchange. Canada’s exchange system is free of restrictions on the making of payments and transfers for current international transactions. Canada also maintains exchange restrictions for security reasons, based on UN Security Council resolutions reported to the IMF for approval.

Subject: Expenditure, Exports, Financial institutions, Health care spending, Housing prices, Insurance, International trade, Mortgages, Prices

Keywords: CR, Exports, Global, Health care spending, Housing prices, IMF staff estimate, Insurance, Investment outlook, ISCR, Mortgages, Sales expectation, Stability assessment, Staff appraisal

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/027
Stock No:

1CANEA2014001
ISBN:

9781616355906
ISSN:

1934-7685

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