Canada: 2025 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: Volume 2026 Issue 012

Publication date: January 2026

ISBN: 9798229035897

$20.00

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Summary

Canada is adjusting to the largest shift in North American trade policy since NAFTA. The economy has been more resilient than initially feared, supported by USMCA exemptions, resilient consumption, and policy cushioning. Nonetheless, elevated trade uncertainty has weighed on exports, investment, and confidence, reinforcing long-standing weaknesses in productivity and competitiveness.