IMF Staff Country Reports

Canada: Staff Report for the 2003 Article IV Consultation

Publication Date:

February 25, 2003

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2003 Article IV Consultation highlights that Canada’s strong policy framework has brought impressive economic results, and the Canadian economy has proven exceptionally resilient in the face of the recent global downturn. Economic activity slowed relatively modestly in 2001, with only one quarter of output decline recorded, and growth recovered strongly thereafter, averaging 4 percent over the subsequent four quarters. Household consumption and residential investment have remained robust. Household and business demand was supported by sustained productivity growth, rapid growth of employment and labor incomes, and gains in real estate prices.

Series:

Country Report No. 2003/033

Subject:

Banking Budget planning and preparation Health Health care Inflation Prices Production Productivity Public debt Public financial management (PFM)