European Parliament Library

Canada :, 2009 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

The staff report on Canada’s 2009 Article IV Consultation examines economic developments and policies. Canadian banks have weathered the crisis better than major-country peers, but the credit cycle will be challenging, particularly given high household debt. Financial instability is a tail risk, but heightened vigilance is warranted. The Bank of Canada has appropriately loosened monetary policy, bringing the policy rate target to a record-low ½ percent. Macroeconomic policies have adopted an expansionary tilt, and authorities have taken steps to safeguard financial stability
Table Of Contents
Contents; I. Macroeconomic and Financial Prospects and Risks; A. Entering the Global Crisis from a Position of Strength; B. Financial Stability Amid the Turbulence; C. Macrofinancial Linkages; D. Outlook and Risks; II. Policy Responses; A. Monetary Policy: Warding Off Deflation Risks; B. Safeguarding Financial Stability to Underpin Growth; C. Fiscal Actions Within a Strong Framework; III. Staff Appraisal; Boxes; Figures; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (59 p.)
Specific Material Designation
Form Of Item

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