Canada.
- Washington, D.C. : International Monetary Fund, 2009.
- 1 online resource (56 p.)
- IMF Staff Country Reports, Country Report ; No. 09/162 .
- IMF Staff Country Reports, Country Report ; No. 09/162 .
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 1/2 percent. Macroeconomic policies have adopted an expansionary tilt, and authorities have taken steps to safeguard financial stability.
1451807082 : 18.00 USD
1934-7685
10.5089/9781451807080.002 doi
Article IV Consultation Reports
Bank Supervision
Banks
Economic Indicators
Financial Sector
Financial Stability
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 1/2 percent. Macroeconomic policies have adopted an expansionary tilt, and authorities have taken steps to safeguard financial stability.
1451807082 : 18.00 USD
1934-7685
10.5089/9781451807080.002 doi
Article IV Consultation Reports
Bank Supervision
Banks
Economic Indicators
Financial Sector
Financial Stability