{
  "title": "Canada: Staff Report for the 2007 Article IV Consultation",
  "publication": "IMF Staff Country Reports, February 13, 2007",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/canada-staff-report-for-the-2007-article-iv-consultation-20413",
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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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- After surging in the first quarter of 2006, real GDP growth in Canada slowed subsequently, in part reflecting a cooling in the United States.\n- Domestic demand remained the main driver of the economy.\n- Private consumption expanded a robust 3¾ percent.\n- Business investment grew 8 percent.\n- Financial sector performance remained strong in 2006, largely reflecting continuing benign global market conditions.\n- Long-term interest rates remained low despite monetary tightening.\n- Spreads on private instruments remained low, reflecting default rates that continue to be low."
    },
    {
      "heading": "Economic activity",
      "content": "- Real GDP: surged in Q1 2006, then slowed subsequently.\n- External influence: slowdown partly attributed to a cooling in the United States.\n- Main domestic drivers: private consumption and business investment."
    },
    {
      "heading": "Domestic demand",
      "content": "- Private consumption: expanded 3¾ percent.\n- Business investment: grew 8 percent.\n- Domestic demand characterized as the main driver of economic performance in 2006."
    },
    {
      "heading": "Financial sector and interest rates",
      "content": "- Financial sector performance: remained strong in 2006.\n- Global conditions: strength largely reflected continuing benign global market conditions.\n- Interest rates: long-term interest rates remained low despite monetary tightening.\n- Credit conditions: spreads on private instruments remained low, reflecting low default rates.\n\n---\n\n Content in this bundle\n\n- cr0751 — Executive Summary and Selected Findings\n  - cr0751 — Executive Summary and Selected Findings (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0751 — Executive Summary and Selected Findings (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "[Markdown version](/en/publications/cr/issues/2016/12/31/canada-staff-report-for-the-2007-article-iv-consultation-20413/index.md)",
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    "Published: February 13, 2007",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451807028.002",
    "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.",
    "Private consumption expanded a robust 3¾ percent.",
    "Business investment grew 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.",
    "Spreads on private instruments remained low, reflecting default rates that continue to be low.",
    "Real GDP: surged in Q1 2006, then slowed subsequently.",
    "External influence: slowdown partly attributed to a cooling in the United States.",
    "Main domestic drivers: private consumption and business investment.",
    "Private consumption: expanded 3¾ percent.",
    "Business investment: grew 8 percent.",
    "Domestic demand characterized as the main driver of economic performance in 2006.",
    "Financial sector performance: remained strong in 2006.",
    "Global conditions: strength largely reflected continuing benign global market conditions.",
    "Interest rates: long-term interest rates remained low despite monetary tightening.",
    "Credit conditions: spreads on private instruments remained low, reflecting low default rates.",
    "**_cr0751 — Executive Summary and Selected Findings**"
  ],
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