Canada: 2025 Article IV Consultation-Press Release; and Staff Report

January 21, 2026

Summary

Canada is adjusting to the largest shift in North American trade policy since
NAFTA. The economy has been more resilient than initially feared, supported by
USMCA exemptions, resilient consumption, and policy cushioning. Nonetheless,
elevated trade uncertainty has weighed on exports, investment, and confidence,
reinforcing long-standing weaknesses in productivity and competitiveness.

Subject: Financial sector policy and analysis, Financial sector stability, Production, Productivity, Public debt, Tariffs, Taxes

Keywords: article IV consultation, Financial sector stability, Fund relation, Global, IMF team, IMF's article, MCM FSAP mission chief, North America, Productivity, Tariffs

Pages:
74
Volume:
2026
DOI:
https://doi.org/10.5089/9798229035897.002
Issue:
012
Series:
Country Report No. 2026/012
Stock No:
1CANEA2026001
ISBN:
9798229035897
ISSN:
1934-7685

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