Canada emerges from pandemic ‘reasonably well’ according to IMF, but a rocky road lies ahead

A decline in the role of fossil fuels without a needed transition plan would weaken our economic growth and employment, increase Canada’s balance of payments deficit with the rest of the world, lower the value of the Canadian dollar and reduce government revenues.

Finance Minister Chrystia Freeland arrives for an appearance at the House Finance Committee on Nov. 28, 2022. Canada needs a 'comprehensive strategy' to help with an economic transition to a green economy, the International Monetary Fund says.The Hill Times photograph by Andrew Meade

Opinion

BY DAVID CRANE

December 19, 2022

TORONTO—The International Monetary Fund, in its recent staff report on Canada, noted that we had emerged from the pandemic “reasonably well," all things considered. But this should not lead to complacency. Quite the opposite.

To keep reading, subscribe and become a political insider.

Only $7.76 a week for an annual subscription.

Enjoy unlimited website access and the digital newspaper.

Cancel anytime.

Already a Subscriber?

Get Weekend Point of View Newsletter

A round up of the past weekâ€™s opinion writers and columnists on Saturdays and Sundays.

By entering your email address you consent to receive email from The Hill Times containing news, analysis, updates and offers. You may unsubscribe at any time. See our privacy policy