International Monetary Fund
Canada – Financial Sector Stability Assessment
IMF Country Report No. 14/29
IMF, 2014
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O Canada: Its financial sector is solid and its economy is growing, but rising property values present risks.
Recommendation
While many of the world’s developed economies nearly melted down in 2008, Canada kept its cool, insulated by its sensible macroeconomic and banking oversight, and the high prices it collects for the resources extracted from beneath its chilly soil. Today, Canada remains a global economic and financial power; only the envious would call that dull. The IMF recognizes Canada’s stellar performance but marks its report card with an A-minus: It needs to watch out for property bubbles and rising household debt. getAbstract suggests this dry but informative report on a thriving economy to investors, financial professionals and regulators.
Summary
About the Author
The International Monetary Fund provides advice and financing to member states during economic difficulties and works to reduce poverty in developing nations.
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