Canada: Staff Report for the 2005 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 118

Publication date: March 2005

ISBN: 9781451806991

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Topics covered in this book

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Exports and Imports , Inflation , Economics- Macroeconomics , Public Finance , ISCR , CR , core inflation , growth projection , staff appraisal , Canadian dollar , premium , percent rate , federal budget , contingency reserve , statistics Canada , Exchange rates , Inflation , Exports , Oil prices , Global , Africa

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Summary

Canada’s 2005 Article IV Consultation highlights that it has benefited from a strong institutional framework and continuing structural reforms. Inflation targeting and structural reforms have yielded an enviable macroeconomic performance, including the fastest growth rate and the strongest budget position in the G-7. The outlook for the economy is broadly favorable, but external developments are creating uncertainties. The Bank of Canada appears to have room to maintain a patient and measured approach to withdrawing stimulus.