European Parliament Library

Canada :, 2008 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Canada has enjoyed high growth while adjusting smoothly to commodity price gains, currency appreciation, and, more recently, slowing U.S. demand. Monetary policy has appropriately shifted to guarding against increasing near-term downside risks. A sound fiscal framework policy has produced an enviably strong fiscal position that makes eliminating general government net debt feasible. The budgetary overperformance provides room for tax relief while maintaining small budget surpluses. To foster efficiency, the fiscal room should be used to reduce high marginal effective tax rates on capital, saving, and labor
Table Of Contents
Cover; Contents; I. Macroeconomic and Financial Prospects Risks; A. Overview; Figures; A. Overview; B. How Much Will Domestic Demand Growth Slow; C. How much of a Risk is a Weaker U.S. Economy?; D. Is the Strong Canadian Dollar Consistent with External Stability?; B. External Competitiveness; C. External Developments; E. Will Financial Strains Feed Through to the Real Economy?; D. Financial Market Trends; E. Linkages to U.S. Financial Markets; F. Is Core Inflation Likely to Rebound?; II. Policy Discussions; A. Balancing Strong Domestic Demand with Risks to External Stability
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (54 p.)
Specific Material Designation
Form Of Item

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