Canada: Staff Report for the 2004 Article IV Consultation

March 10, 2004

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Format: Chicago

Canada: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed September 20, 2024

Summary

The government’s strong monetary and fiscal policy framework, as well as the structural reforms introduced, have enabled the Canadian economy to respond flexibly to recent shocks and laid a solid foundation for recovery. Macroeconomic policies should remain supportive, with fiscal policy continuing to focus on sustained debt reduction and structural reforms geared toward boosting productivity. Canada’s commitment to exchange rate flexibility has been helpful in facilitating the adjustment of global macroeconomic imbalances. Ensuring that regulatory and other policies support productivity, growth remains a key long-term challenge.

Subject: Banking, Fiscal policy, Fiscal stance, Inflation, Labor, National accounts, Pensions, Prices, Public debt

Keywords: Canadian dollar, Core CPI inflation rate, Core measure, CR, Debt ratio, Fiscal policy framework, Fiscal stance, Global, Headline CPI, Inflation, ISCR, January throne speech, Labor market indicator, North America, Overnight rate, Pensions, Policy priority

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/061
Stock No:

1CANEA0022004
ISBN:

9781451806960
ISSN:

1934-7685

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