Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

July 13, 2017

Electronic Access:

Free Full text (PDF file size is 1781 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The economy has regained momentum, supported by the authorities’ proactive growth strategy, but complex adjustments are still at play. While personal consumption is robust, business investment remains weak, non-energy exports have underperformed, and housing market imbalances have risen. Outside of Canada, the global outlook has improved with stronger manufacturing activity, but the threat of protectionism and economic fragmentation hangs over global trade. Collectively, they raise uncertainty about the durability of the Canadian recovery.