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Canada: Staff Report for the 2004 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 061
Language:
English
Publication Date:
10 Mar 2004
DOI:
https://doi.org/10.5089/9781451806960.002
ISBN:
9781451806960
ISSN:
1934-7685
Pages:
44
Keywords:
ISCR; CR; core measure; headline CPI; overnight rate; labor market indicator; fiscal policy framework; January throne speech; policy priority; Canadian dollar; core CPI inflation rate; debt ratio; Inflation; Pensions; Fiscal stance; Global; North America
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund