{
  "title": "Canada: 2021 Article IV Consultation-Press Release and Staff Report",
  "publication": "IMF Staff Country Reports, March 18, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/03/17/canada-2021-article-iv-consultation-press-release-and-staff-report-50273",
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  "summary": "The Canadian economy was operating at close to capacity and had strong policy buffers when the COVID-19 pandemic hit. Economic and social restrictions put in place in March 2020 helped to mitigate the first wave of the virus, but they came at a significant cost.",
  "sections": [
    {
      "heading": "Economic impact and trajectory",
      "content": "- The Canadian economy was operating at close to capacity when the COVID-19 pandemic hit.\n- Economic and social restrictions put in place in March 2020 helped mitigate the first wave of the virus but \"came at a significant cost.\"\n- There was an unprecedented decline in activity in the first half of 2020.\n- A strong rebound occurred in the third quarter of 2020 as virus-related restrictions were eased.\n- With the onset of the second wave of the virus in late September 2020 sparking renewed restrictions across the country, the recovery has slowed.\n- Looking ahead, the strength and durability of the recovery hinges on the evolution of the pandemic."
    },
    {
      "heading": "Policy context and buffers",
      "content": "- Canada had strong policy buffers at the onset of the pandemic.\n- Subject tags emphasize policy areas: Central bank policy rate, COVID-19, Fiscal stance, Income, Public debt.\n- Keywords highlighted in the report include: CR, ISCR, policy support, staff appraisal, supply bottleneck, vaccine dose, vaccine rollout."
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      "content": "- Pages: 79\n- Volume: 2021\n- Issue: 054\n- Series: Country Report No. 2021/054\n- DOI: https://doi.org/10.5089/9781513574264.002\n- Stock No: 1CANEA2021001\n- ISBN: 9781513574264\n- ISSN: 1934-7685\n\nInternational Monetary Fund. Western Hemisphere Dept. \"Canada: 2021 Article IV Consultation-Press Release and Staff Report\", IMF Staff Country Reports 2021, 054 (2021).\n\n---\n\n Content in this bundle\n\n- 1canea2021001\n  - 1canea2021001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1canea2021001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 18, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513574264.002",
    "The Canadian economy was operating at close to capacity when the COVID-19 pandemic hit.",
    "Economic and social restrictions put in place in March 2020 helped mitigate the first wave of the virus but \"came at a significant cost.\"",
    "There was an unprecedented decline in activity in the first half of 2020.",
    "A strong rebound occurred in the third quarter of 2020 as virus-related restrictions were eased.",
    "With the onset of the second wave of the virus in late September 2020 sparking renewed restrictions across the country, the recovery has slowed.",
    "Looking ahead, the strength and durability of the recovery hinges on the evolution of the pandemic.",
    "Canada had strong policy buffers at the onset of the pandemic.",
    "Subject tags emphasize policy areas: Central bank policy rate, COVID-19, Fiscal stance, Income, Public debt.",
    "Keywords highlighted in the report include: CR, ISCR, policy support, staff appraisal, supply bottleneck, vaccine dose, vaccine rollout.",
    "Pages: 79",
    "Volume: 2021",
    "Issue: 054",
    "Series: Country Report No. 2021/054",
    "DOI: https://doi.org/10.5089/9781513574264.002",
    "Stock No: 1CANEA2021001",
    "ISBN: 9781513574264",
    "ISSN: 1934-7685",
    "**1canea2021001**"
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