Canada: Staff Report for the 2011 Article IV Consultation

December 21, 2011

Preview Citation

Format: Chicago

Canada: Staff Report for the 2011 Article IV Consultation, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

The Canadian monetary and fiscal policies have remained accommodative, reflecting in large measure the effective response to the crisis. Canada is expected to set the appropriate policy mix in the future, at a time of high uncertainty and significant external headwinds. Given the advanced stage of the recovery, a still-large budget deficit, and the need to address long-term fiscal challenges, fiscal policy has moved toward a tightening stance. Resilient household credit has helped sustain private consumption and the construction sector during the crisis.

Subject: Banking, Expenditure, Financial institutions, Health care spending, Housing prices, Loans, Mortgages, Prices, Public debt

Keywords: Core inflation, CR, Economy, Europe, Global, Health care spending, Household debt, Housing prices, ISCR, Loans, Mortgages, Staff appraisal, Stronger-than-expected GDP rebound, Swap arrangement

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/364
Stock No:

1CANEA2011001
ISBN:

9781463929220
ISSN:

1934-7685

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