Canada: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, March 29, 2005
Source details
- Canonical URL
- Canada: Staff Report for the 2005 Article IV Consultation
Other formats
Bibliographic details
- Published: March 29, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451806991.002
Key findings and assessment
- Canada has benefited from a strong institutional framework and continuing structural reforms.
- Inflation targeting and structural reforms have yielded an enviable macroeconomic performance.
- Canada recorded the fastest growth rate and the strongest budget position in the G-7.
- The Bank of Canada appears to have room to maintain a patient and measured approach to withdrawing stimulus.
Outlook and risks
- The outlook for the economy is broadly favorable.
- External developments are creating uncertainties that could affect the outlook.
Policy implications and monetary stance
- Given the favorable domestic performance and remaining external uncertainties, a patient and measured withdrawal of stimulus by the Bank of Canada is indicated.
Subject areas and keywords (as listed)
- Subject: Budget planning and preparation, Exchange rates, Exports, Foreign exchange, Inflation, International trade, Oil prices, Prices, Public debt
- Keywords: Africa, Canadian dollar, contingency reserve, core inflation, CR, Exchange rates, Exports, federal budget, Global, growth projection, Inflation, ISCR, Oil prices, percent rate, premium, staff appraisal, statistics Canada
Content in this bundle
- _cr05118 — Executive Summary