Cover IMF Staff Country Reports
Canada: Staff Report for the 2007 Article IV Consultation
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2007: Issue 051
Language:
English
Publication Date:
13 Feb 2007
DOI:
https://doi.org/10.5089/9781451807028.002
ISBN:
9781451807028
ISSN:
1934-7685
Pages:
34
Keywords:
ISCR; CR; rate; default rate; fiscal policy; commodity; headline inflation; executive board discussion; differential vis-à-vis; discussions of article IV consultation; market expectation; Inflation; Debt reduction; Fiscal stance; Inflation targeting; Global
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This 2007Article IV Consultation highlights that after surging in the first quarter of 2006, real GDP growth in Canada slowed subsequently, in part reflecting a cooling in the United States. Domestic demand remained the main driver of the economy, with private consumption expanding a robust 3¾ percent and business investment growing 8 percent. Financial sector performance remained strong in 2006, largely reflecting continuing benign global market conditions. Long-term interest rates remained low despite monetary tightening, as did spreads on private instruments, reflecting default rates that continue to be low.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund