2014 OECD Economic Surveys: Canada 2014

image of OECD Economic Surveys: Canada 2014

OECD's 2014 Economic Survey of Canada examines recent economic developments, policies and prospects. Special chapters cover housing in Canada and the labour market and skills mismatch.

English Also available in: French

Assessment and recommendations

Canada has experienced fairly solid employment and output growth since the trough of the global recession and is projected to use up spare capacity by mid-2015. Labour force participation has remained near the pre-recession peak, and unemployment is only one percentage point higher than the pre-recession low. Fiscal consolidation is well advanced at the federal level, although less so at the provincial level, and underlying inflation is expected to slowly rise back towards the 2% target midpoint. The sound banking system and strong corporate balance sheets provide a favourable backdrop for a strengthening in business investment. In addition, Canadians enjoy one of the world’s highest levels of well-being.

English Also available in: French


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