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Canada: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 060
Language:
English
Publication Date:
10 Mar 2004
DOI:
https://doi.org/10.5089/9781451806908.002
ISBN:
9781451806908
ISSN:
1934-7685
Pages:
85
Keywords:
ISCR; CR; saving rate; Canada; saving; personal saving; RRB yield; growth gap; Balassa-Samuelson effect; Pensions; Inflation; Labor productivity; Productivity; Retirement; Global; North America; Europe
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This paper explores the factors that have led to a Canada-U.S. productivity gap using a sectoral growth accounting approach. Both fiscal and monetary policies have had significant effects on the saving rate. The Canadian dollar’s appreciation was followed by a protracted period of exchange rate weakness. This paper reviews the institutional aspects of Canada’s real return bond program. The Canadian system provides a successful model for pension reform. Free trade has helped promote the integration of U.S. and Canadian economies, but significant differences remain.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund