IMF Staff Country Reports

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

January 21, 2026

Preview Citation

Format: Chicago

International Monetary Fund. Western Hemisphere Dept. "Canada: 2025 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2026, 012 (2026), accessed 1/21/2026, https://doi.org/10.5089/9798229035897.002

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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: Housing, National accounts, Production, Productivity, Public debt, Tariffs, Taxes

Keywords: Housing, Productivity, Tariffs