IMF Staff Country Reports

Canada: Staff Report for the 2011 Article IV Consultation

Publication Date:

December 21, 2011

Electronic Access:

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Summary:

The Canadian monetary and fiscal policies have remained accommodative, reflecting in large measure the effective response to the crisis. Canada is expected to set the appropriate policy mix in the future, at a time of high uncertainty and significant external headwinds. Given the advanced stage of the recovery, a still-large budget deficit, and the need to address long-term fiscal challenges, fiscal policy has moved toward a tightening stance. Resilient household credit has helped sustain private consumption and the construction sector during the crisis.

Series:

Country Report No. 2011/364

Subject:

Banking Expenditure Financial institutions Health care spending Housing prices Loans Mortgages Prices Public debt