Canada: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 116

Publication date: March 2005

ISBN: 9781451806984

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Topics covered in this book

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Banks and Banking , Economics- Macroeconomics , Public Finance , ISCR , CR , bank , tax rate , bank asset , merger guideline , Phillips curve , soundness indicator , IO method , banking system in Canada , demand shock , bank competition , Budget planning and preparation , Macroeconomic and fiscal forecasts , Personal income tax , Global , Europe , Australia and New Zealand , Caribbean

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Summary

This Selected Issues paper for Canada presents comprehensive and broad-based analysis of the role of domestic and external shocks. Canada’s economic history illustrates the important role played by external as well as domestic macroeconomic disturbances. Canada’s economy slowed in 2001 because of the global slowdown, although by less than in many other countries. In 2003, the recovery has been interrupted by a series of shocks that moderated growth. Fluctuations in Canadian real GDP are explained by external and domestic cycles.