Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Visit to Canada

IMF News, September 14, 2016

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Press Release No. 16/405
Date: September 14, 2016
IMF Communications Department — MEDIA RELATIONS — PRESS OFFICER: Simonetta Nardin
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
Meetings and events:
- Met with Prime Minister Justin Trudeau, William Morneau, Minister of Finance, Chrystia Freeland, Minister of International Trade, and other government colleagues.
- Met with Elizabeth Dowdeswell, Lieutenant Governor of Ontario, and Kathleen Wynne, the Premier of Ontario.
- Participated in the Toronto Global Forum.
- Delivered the Sylvia Ostry Lecture hosted by the C.D. Howe Institute.

Full support for Canada’s government growth strategy:
- “I expressed my full support for the government’s growth strategy.”
Policy priorities emphasized:
- Use all tools available to revitalize short-term demand.
- Accelerate structural reforms to raise labor productivity growth over the medium-term.
- Essential elements of the growth strategy: investment in infrastructure, innovation and training, and promoting higher female labor force participation.
- Welcome for the government’s commitment to put a price on climate damage while protecting the poor from any distributional effects.
- Encouragement to stay the course on the economy and remain vigilant against vulnerabilities in the housing sector.
Global and thematic focus:
- Remarks focused on the positive and negative consequences of integration and globalization and the policies needed to mitigate the negatives and foster stronger, more inclusive growth.
- Agreement with Prime Minister Trudeau and his team that such policies are a global priority.
Appreciation of Canada’s international contributions:
- “I expressed my appreciation for Canada’s contributions to global stability and economic development around the world, including through its contribution to the IMF’s financial resources as well as its valuable support for the Fund’s assistance to low-income and developing countries and capacity development.”

“I would like to thank the authorities and the Canadian people for their gracious hospitality.”

Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Visit to Canada — September 14, 2016