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International Monetary Fund

This Report on the Observance of Standards and Codes Data Module provides a review of Canada’s data dissemination practices against the IMF’s special data dissemination standard (SDDS), complemented by the in-depth assessment of the quality of six key sets of macroeconomic statistics: national accounts, consumer price index, producer price index, government finance statistics, balance of payments, and monetary statistics. Canada’s macroeconomic statistics are of high quality. They are comprehensive, timely, and accurate, and thus are adequate to conduct effective surveillance of economic and financial policies.

International Monetary Fund

This Report on the Observance of Standards and Codes Data Module provides a review of Canada’s data dissemination practices against the IMF’s special data dissemination standard (SDDS), complemented by the in-depth assessment of the quality of six key sets of macroeconomic statistics: national accounts, consumer price index, producer price index, government finance statistics, balance of payments, and monetary statistics. Canada’s macroeconomic statistics are of high quality. They are comprehensive, timely, and accurate, and thus are adequate to conduct effective surveillance of economic and financial policies.

International Monetary Fund

This Selected Issues paper addresses some of the key policy and economic challenges facing the Canadian economy. The paper presents a new approach to predicting the business cycle in the context of the Canadian economy. This approach uses a range of parametric and nonparametric tests to gauge the ability of various indicators to predict turning points in the business cycle. The paper also presents a model that links the inflation rate to the business cycle and the rates of change in the exchange rate and in unit labor costs.