Canada: 2010 Article IV Consultation-Staff Supplement; Staff Report; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, December 22, 2010
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- Canada: 2010 Article IV Consultation-Staff Supplement; Staff Report; and Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: December 22, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455213566.002
Executive summary and assessment
- A credible framework for macroeconomic policy, strong policy response, and resilient financial system have enabled Canada to exit the global crisis on a strong footing.
- Executive Directors encouraged authorities to maintain their prudent and far-sighted policies while strengthening productivity and competitiveness.
- Directors welcomed Canada’s accommodative stance of monetary policy and ambitious fiscal consolidation plans to strengthen its long-term economic potential.
Monetary and fiscal stance
- Monetary policy: described as accommodative.
- Fiscal policy: described as ambitious fiscal consolidation plans aimed at strengthening long-term economic potential.
Financial sector and regulatory framework
- Canada’s financial system described as resilient.
- Directors observed that Canada is well positioned to adapt its financial regulatory framework to emerging international initiatives.
- Further progress toward national securities regulation will be an essential enhancement in this framework.
Subjects and keywords (as listed)
- Subjects: Banking, Financial institutions, Financial sector policy and analysis, Financial sector stability, Fiscal policy, Fiscal stance, Housing prices, Mortgages, Prices, Public debt
- Keywords: Canadian dollar, Caribbean, core inflation, CR, Europe, Financial sector stability, financial system, Fiscal stance, Global, headline inflation, housing market, Housing prices, IMF's view, ISCR, labor market, Mortgages, report, statistics Canada, third-quarter