Canada : 2008 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Author/Editor:

International Monetary Fund

Publication Date:

February 25, 2008

Electronic Access:

Free Full text (PDF file size is 1599 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Canada has enjoyed high growth while adjusting smoothly to commodity price gains, currency appreciation, and, more recently, slowing U.S. demand. Monetary policy has appropriately shifted to guarding against increasing near-term downside risks. A sound fiscal framework policy has produced an enviably strong fiscal position that makes eliminating general government net debt feasible. The budgetary overperformance provides room for tax relief while maintaining small budget surpluses. To foster efficiency, the fiscal room should be used to reduce high marginal effective tax rates on capital, saving, and labor.

Series:

Country Report No. 08/69

Subject:

English

Publication Date:

February 25, 2008

ISBN/ISSN:

9781451807059/1934-7685

Stock No:

1CANEA2008004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

53

Please address any questions about this title to publications@imf.org