{
  "title": "Canada: 2019 Article IV Consultation - Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, June 24, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/06/24/canada-2019-article-iv-consultation-press-release-and-staff-report-47021",
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  "summary": "Growth has slowed to a more sustainable level and financial vulnerabilities have eased. But risks remain. Household debt is high, the United States–Mexico–Canada Agreement (USMCA) awaits legislative approval, and ongoing trade tensions between the United States (U.S.",
  "sections": [
    {
      "heading": "Executive summary and outlook",
      "content": "- Growth has slowed to a more sustainable level and financial vulnerabilities have eased.\n- Risks remain:\n  - Household debt is high.\n  - The United States–Mexico–Canada Agreement (USMCA) awaits legislative approval.\n  - Ongoing trade tensions between the United States (U.S.) and its major trading partners are weighing on the global outlook."
    },
    {
      "heading": "Key findings",
      "content": "- Growth: \"Growth has slowed to a more sustainable level.\"\n- Financial vulnerabilities: \"Financial vulnerabilities have eased.\"\n- Risks to the outlook:\n  - \"Household debt is high.\"\n  - \"The United States–Mexico–Canada Agreement (USMCA) awaits legislative approval.\"\n  - \"Ongoing trade tensions between the United States (U.S.) and its major trading partners are weighing on the global outlook.\""
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subject areas: Financial institutions; Financial sector policy and analysis; Housing; Housing prices; Labor; Macroprudential policy; Mortgages; National accounts; Prices; Systemic risk.\n- Keywords listed: CR; Global; government; Housing; housing affordability; Housing prices; infrastructure investment; ISCR; liability positions vis-à-vis nonresident; market; monetary policy; Mortgages; real GDP; risks to the outlook; slowing global economy; Systemic risk; trade; trading partner.\n\n---\n\n Content in this bundle\n\n- 1canea2019001\n  - 1canea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1canea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 24, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498321006.002",
    "Growth has slowed to a more sustainable level and financial vulnerabilities have eased.",
    "Risks remain:",
    "Growth: \"Growth has slowed to a more sustainable level.\"",
    "Financial vulnerabilities: \"Financial vulnerabilities have eased.\"",
    "Risks to the outlook:",
    "Subject areas: Financial institutions; Financial sector policy and analysis; Housing; Housing prices; Labor; Macroprudential policy; Mortgages; National accounts; Prices; Systemic risk.",
    "Keywords listed: CR; Global; government; Housing; housing affordability; Housing prices; infrastructure investment; ISCR; liability positions vis-à-vis nonresident; market; monetary policy; Mortgages; real GDP; risks to the outlook; slowing global economy; Systemic risk; trade; trading partner.",
    "**1canea2019001**"
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