01785cas a2200241 a 4500 AALejournalIMF016832 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475530872 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Canada : 2016 Article IV Consultation-Press Release; and Staff Report. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (84 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper describes recent economic developments, outlook, risks, and policy challenges of the Canadian economy. After almost two years, the effects of the oil price shock continue to reverberate through the Canadian economy. Growth has decelerated, but inflation expectations remain well anchored. With the slowdown in growth, the output gap has reopened. Persistently low energy prices pose an important risk to the economy. The banking system remains sound, but exposure to the oil and gas sector will require higher provisions against expected losses. The policy mix over the near-term should cushion the adverse effects of lower oil prices on the economy while safeguarding financial stability. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/146 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/146/002.2016.issue-146-en.xml IMF e-Library