22 December 2010
The IMF supports the government’s plan to balance its budget over the medium term. It’s even more important because of recent concerns about the budgetary influence Canada’s aging population will face in the nearest future.
The federal finance minister, Jim Flaherty, commented on the IMF’s report: “The report shows great support for our plan to return to budgetary balance. Moreover, it commends the recent decision to extend the deadline on some infrastructure projects. I’m glad the IMF’s supports the government’s policies concerning long-term growth prospects, infrastructure issues and corporate income tax cuts”.
Charles Kramer, the IMF’s mission chief to Canada, said they expect Canada’s economy to grow 3% in 2010 and 2.25% in 2011.