{
  "title": "Canada: Staff Report for the 2011 Article IV Consultation",
  "publication": "IMF Staff Country Reports, December 21, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/canada-staff-report-for-the-2011-article-iv-consultation-25453",
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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.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- The Canadian monetary and fiscal policies have remained accommodative, reflecting in large measure the effective response to the crisis.\n- Canada is expected to set the appropriate policy mix in the future, at a time of high uncertainty and significant external headwinds.\n- 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.\n- Resilient household credit has helped sustain private consumption and the construction sector during the crisis."
    },
    {
      "heading": "Key findings and macroeconomic assessment",
      "content": "- Monetary and fiscal policies: accommodative overall; policy mix expected to be set appropriately in the future amid high uncertainty and external headwinds.\n- Fiscal stance: moving toward tightening in response to\n  - advanced stage of the recovery,\n  - a still-large budget deficit,\n  - the need to address long-term fiscal challenges.\n- Household sector: resilient household credit has supported private consumption and the construction sector during the crisis."
    },
    {
      "heading": "Thematic coverage and subjects",
      "content": "- Banking\n- Expenditure\n- Financial institutions\n- Health care spending\n- Housing prices\n- Loans\n- Mortgages\n- Prices\n- Public debt"
    },
    {
      "heading": "Keywords and analytical focus",
      "content": "- core inflation\n- CR\n- economy\n- Europe\n- Global\n- Health care spending\n- household debt\n- Housing prices\n- ISCR\n- Loans\n- Mortgages\n- staff appraisal\n- stronger-than-expected GDP rebound\n- swap arrangement"
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication date: December 21, 2011\n- Pages: 53\n- Volume: 2011\n- Issue: 364\n- Series: Country Report No. 2011/364\n- DOI: https://doi.org/10.5089/9781463929220.002\n- Stock No: 1CANEA2011001\n- ISBN: 9781463929220\n- ISSN: 1934-7685\n\nInternational Monetary Fund. \"Canada: Staff Report for the 2011 Article IV Consultation\", IMF Staff Country Reports 2011, 364 (2011).\n\n---\n\n Content in this bundle\n\n- Canada: 2011 Article IV Consultation; IMF Country Report 11/364; November 23, 2011\n  - Canada: 2011 Article IV Consultation; IMF Country Report 11/364; November 23, 2011 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Canada: 2011 Article IV Consultation; IMF Country Report 11/364; November 23, 2011 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: December 21, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781463929220.002",
    "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.",
    "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",
    "Household sector: resilient household credit has supported private consumption and the construction sector during the crisis.",
    "core inflation",
    "CR",
    "economy",
    "Europe",
    "Global",
    "household debt",
    "ISCR",
    "staff appraisal",
    "stronger-than-expected GDP rebound",
    "swap arrangement",
    "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",
    "**Canada: 2011 Article IV Consultation; IMF Country Report 11/364; November 23, 2011**"
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