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Canada: Selected Issues

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  • International Monetary Fund

Abstract

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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  • International Monetary Fund, 2004. "Canada: Selected Issues," IMF Staff Country Reports 2004/060, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/060
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    References listed on IDEAS

    as
    1. Gary Clyde Hufbauer & Jeffrey J. Schott, 1992. "North American Free Trade: Issues and Recommendations," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 71, January.
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    7. Courchene, Thomas J., 2003. "FTA at 15, NAFTA at 10: a Canadian perspective on North American integration," The North American Journal of Economics and Finance, Elsevier, vol. 14(2), pages 263-285, August.
    8. Mr. Vivek Arora & Mr. Olivier D Jeanne, 2001. "Economic Integration and the Exchange Rate Regime: Some Lessons from Canada," IMF Policy Discussion Papers 2001/001, International Monetary Fund.
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    Cited by:

    1. Mr. Tamim Bayoumi & Mr. Martin Mühleisen, 2006. "Energy, the Exchange Rate, and the Economy: Macroeconomic Benefits of Canada’s Oil Sands Production," IMF Working Papers 2006/070, International Monetary Fund.
    2. Velloso, Helvia & Vézina, François & Bustillo, Inés, 2006. "The Canadian retirement income system," Documentos de Proyectos 3682, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

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