Be ready with more stimulus if needed, IMF tells Canada
By Julian Beltrame – May 22, 2009
OTTAWA — The Canadian government and central bank should be prepared to act swiftly with additional stimulus if the economy unexpectedly deteriorates further, the International Monetary Fund said Friday.
In a new assessment of Canada's economic prospects, the IMF said the country is in better position than most to weather the economic storm, but added the near-term outlook "will be challenging."
And if conditions do deteriorate, both the federal government and the Bank of Canada should take action quickly, the IMF said.
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