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Canada

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  • International Monetary Fund
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    Abstract

    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.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=18168
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 05/118.

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    Length: 51
    Date of creation: 29 Mar 2005
    Date of revision:
    Handle: RePEc:imf:imfscr:05/118

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    Keywords: Article IV consultations; Economic conditions; Staff Reports; net exports; domestic demand; oil prices; fiscal framework; fiscal balance; tax cuts; tax rates; trade liberalization; tax burden; unemployment rate; current account balance; commodity prices; balance of payments; fiscal forecasts; fiscal transparency; terms of trade; budget balance; internal trade; regulatory framework; fiscal surpluses; high tax burden; public debt; fiscal prudence; fiscal management; external shocks; fiscal policy; output growth; nominal interest rate; trade barriers; merchandise trade; international standards; domestic investment; fiscal authorities; primary deficit; fiscal performance; price fluctuations; fiscal forecasting; key fiscal indicators; fiscal position; fixed investment; fiscal indicators; multilateral trade liberalization; fiscal planning; debt service; multilateral trade; environmental regulations; fiscal policies; partner countries; tax reduction; agricultural exports; fiscal years; expenditure increases; multilateral liberalization; export sectors; tax increases; current account surplus; fiscal activities; import prices; global markets; exchange rate movements; employment growth; free trade; free trade agreements; fiscal discipline; dispute settlement process; sustainable fiscal policy; partner country; reducing trade barriers; interest expenditure; fiscal risk; fiscal balances; tax administration; global competition; short-term debt; trading partner; spending cuts; trade links; open economy; import demand; fiscal cost; multilateral efforts; regulatory barriers; fiscal sustainability; transparent system; skilled workers; budget deficit; fiscal capacity; debt service burdens; tax revenue; budget constraints; agricultural subsidies; trade diversion; budget position; long-term fiscal sustainability; trade agreements; budget surplus; tax policy; export volumes; tax system; oil exporter; dispute settlement; quasi-fiscal activities; preference schemes; fiscal situation; government budget; fiscal policy framework; public spending; income differentials; fiscal disparities; fiscal pressures; multilateral agreement; trade relations;

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    Cited by:
    1. Bayoumi, Tamim & Sutton, Bennett & Swiston, Andrew J., 2006. "Shocking Aspects of Canadian Labour Markets," CEPR Discussion Papers 5847, C.E.P.R. Discussion Papers.

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