Canada: Staff Report for the 2001 Article IV Consultation
IMF Staff Country Reports, April 23, 2001
Source details
- Canonical URL
- Canada: Staff Report for the 2001 Article IV Consultation
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Bibliographic details
- Published: April 23, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451806878.002
Macroeconomic performance and assessment
- The Canadian economy ended the 1990s with a very strong performance, underpinned by the sound macroeconomic policies put in place during the decade.
- Estimates of slack in the economy were narrowing rapidly by 2000.
Monetary policy actions and stance
- The Bank of Canada raised interest rates markedly in 2000.
- Executive Directors agreed with the authorities' view that monetary policy should be set to reflect economic conditions in Canada and should aim to allow the economy to seek its productive potential without compromising the official inflation target.
Principal findings (summary)
- Strong end-of-decade economic performance in Canada linked to sound macroeconomic policies implemented during the 1990s.
- Rapid narrowing of economic slack by 2000 prompted a marked increase in interest rates by the Bank of Canada.
- Consensus that monetary policy should balance supporting productive potential with maintaining the official inflation target.
Subject areas and keywords
- Subjects: Banking, Financial institutions, Inflation, Inflation targeting, Labor, Monetary policy, Prices, Public debt, Stocks
- Keywords: Canada, Canadian dollar, core consumer price inflation, CR, Europe, Global, Inflation, inflation expectation, Inflation targeting, interest rate cut, ISCR, monetary policy announcement date, monetary policy change, North America, Stocks