IMF urges Canada to bring back debt anchor and keep fiscal policy tight

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IMF urges Canada to bring back debt anchor and keep fiscal policy tight
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The IMF has recommended Canada adopt more binding fiscal constraints for a third year in a row. Find out more.

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decisions. In her most recent budget, the ratio was forecast to rise to 43.5 per cent this year before declining to 39.9 per cent by 2028. Before the pandemic, the figure was about 30 per cent. Canada’s federal debt remains “substantially” above pre-pandemic levels, the IMF noted, though they acknowledged the country has a better fiscal position than its peer countries and praised a “strong track record of fiscal discipline.”

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