You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Publishing Institution The Organisation for Economic Co-operation and Development Remove constraint Publishing Institution: The Organisation for Economic Co-operation and Development Political Geography North America Remove constraint Political Geography: North America Topic Political Economy Remove constraint Topic: Political Economy
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  • Publication Date: 10-2004
  • Content Type: Policy Brief
  • Institution: The Organisation for Economic Co-operation and Development
  • Abstract: Economic performance has been solid, and macroeconomic policies are appropriate. The economy is expected to expand by close to 3.5 per cent in 2005, and the output gap will soon be closed. Monetary stimulus should gradually be removed and the fiscal policy stance needs to remain neutral. The Canadian dollar appreciated sharply in 2003 and is now probably not far from its fundamental value. Canadian firms will need to continue to adjust by making efforts to improve productivity to maintain competitiveness. Policy makers should remain focussed on policies that enhance productivity growth across all sectors. With a sound macroeconomic framework and structural policies that are mostly conducive to a well functioning economy, the country is well placed to meet the challenges of an ageing population, namely, maintaining rises in living standards through strong rates of productivity growth and policies to attenuate the expected fall in hours worked on average across the whole population, and ensuring that public finances are sustainable, especially given pressures on health care outlays.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: Canada, North America