Canada: Staff Report for the 2007 Article IV Consultation
Electronic Access:
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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.
Series:
Country Report No. 2007/051
Subject:
Asset and liability management Banking Debt reduction Fiscal policy Fiscal stance Inflation Inflation targeting Monetary policy Prices Public debt
English
Publication Date:
February 13, 2007
ISBN/ISSN:
9781451807028/1934-7685
Stock No:
1CANEA2007001
Pages:
34
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