Canada: Staff Report for the 2007 Article IV Consultation

February 13, 2007

Preview Citation

Format: Chicago

Canada: Staff Report for the 2007 Article IV Consultation, (USA: International Monetary Fund, 2007) accessed September 20, 2024

Summary

This 2007Article IV Consultation highlights that after surging in the first quarter of 2006, real GDP growth in Canada slowed subsequently, in part reflecting a cooling in the United States. Domestic demand remained the main driver of the economy, with private consumption expanding a robust 3¾ percent and business investment growing 8 percent. Financial sector performance remained strong in 2006, largely reflecting continuing benign global market conditions. Long-term interest rates remained low despite monetary tightening, as did spreads on private instruments, reflecting default rates that continue to be low.

Subject: Asset and liability management, Banking, Debt reduction, Fiscal policy, Fiscal stance, Inflation, Inflation targeting, Monetary policy, Prices, Public debt

Keywords: Commodity, CR, Debt reduction, Default rate, Differential vis-à-vis, Discussions of article IV consultation, Executive board discussion, Fiscal policy, Fiscal stance, Global, Headline inflation, Inflation, Inflation targeting, ISCR, Market expectation, Rate

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/051
Stock No:

1CANEA2007001
ISBN:

9781451807028
ISSN:

1934-7685

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