The International Monetary Fund released the press release and staff report for Canada’s 2025 Article IV consultation, assessing how the economy is adjusting to what it characterises as the largest shift in North American trade policy since NAFTA. The report finds the economy has been more resilient than initially feared, supported by United States-Mexico-Canada Agreement exemptions, resilient consumption, and policy cushioning. It also notes that elevated trade uncertainty has weighed on exports, investment, and confidence, reinforcing long-standing weaknesses in productivity and competitiveness.
International Monetary Fund 2026-01-21
International Monetary Fund publishes Canada Article IV report noting resilience but trade uncertainty is weighing on exports and investment
The International Monetary Fund published the press release and staff report for Canada’s 2025 Article IV consultation, highlighting the economy's resilience amid significant North American trade policy shifts, despite challenges in exports, investment, and confidence due to trade uncertainty.