Canada: Staff Report for the 2011 Article IV Consultation

IMF Staff Country Reports, December 21, 2011

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Canada: Staff Report for the 2011 Article IV Consultation

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Bibliographic details

• Published: December 21, 2011
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781463929220.002

Executive 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.

Key findings and macroeconomic assessment

• Monetary and fiscal policies: accommodative overall; policy mix expected to be set appropriately in the future amid high uncertainty and external headwinds.
• Fiscal stance: moving toward tightening in response to
  • advanced stage of the recovery,
  • a still-large budget deficit,
  • the need to address long-term fiscal challenges.
• Household sector: resilient household credit has supported private consumption and the construction sector during the crisis.

Thematic coverage and subjects

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

Keywords and analytical focus

• core inflation
• CR
• economy
• Europe
• Global
• Health care spending
• household debt
• Housing prices
• ISCR
• Loans
• Mortgages
• staff appraisal
• stronger-than-expected GDP rebound
• swap arrangement

Publication and metadata

• Publication date: December 21, 2011
• Pages: 53
• Volume: 2011
• Issue: 364
• Series: Country Report No. 2011/364
• DOI: https://doi.org/10.5089/9781463929220.002
• Stock No: 1CANEA2011001
• ISBN: 9781463929220
• ISSN: 1934-7685

International Monetary Fund. "Canada: Staff Report for the 2011 Article IV Consultation", IMF Staff Country Reports 2011, 364 (2011).

Content in this bundle

• Canada: 2011 Article IV Consultation; IMF Country Report 11/364; November 23, 2011
  • Canada: 2011 Article IV Consultation; IMF Country Report 11/364; November 23, 2011 (Markdown version)
  • Canada: 2011 Article IV Consultation; IMF Country Report 11/364; November 23, 2011 (PDF)