What Bill Morneau doesn’t want you to notice in the IMF’s report on Canada’s economy

Finance Minister Bill Morneau doesn’t want us looking too closely at his latest report card from the International Monetary Fund.

Every year, the IMF sends a team of economists to most of its 189 member countries to assess the state of their economies and the efficacy of their mix of fiscal policy, monetary policy, and financial regulation. On May 21, the fund released the preliminary report of its Canadian team’s latest trip north from their base in Washington.

And this: “With working well, their effectiveness should not be diluted by home buyer initiatives that inadvertently increase household debt,” a comment that I read as disapproving dig at the sop for first-time homebuyers in Morneau’s latest budget. Still, the outlook is a reminder that Canada’s elected policymakers — federal and provincial, and over a longer period than the last few years — haven’t been trying hard enough.

“Challenges in project selection, execution and coordination — especially at the provincial and municipal levels — must be overcome to avoid delays in infrastructure investment,” the IMF said. “A more detailed strategic plan is needed to prioritize infrastructure projects that most serve the long-term national interest.”

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What Bill Morneau doesn’t want you to notice in the IMF’s report on the Canadian economyKevin Carmichael: Maybe Bill Morneau has a right to be proud, but the IMF isn’t as taken with his work as Finance makes it sound Like most countries, it doesn't like being told what to do and think that the IMF is just another level of bureaucracy at the UN that they can not get a chair at. Boy, you had to work hard to find any negativities amongst all the positives. Is that really what they pay you for at the NP? Growth of 1.5% and inflation above 2%. Net gain -0.5. That sounds like JustinTrudeau math
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Canadian retaliatory tariffs lifted as U.S. removes steel, aluminum penaltiesFinance Minister Bill Morneau says Canadian tariffs on U.S. bourbon, playing cards and licorice have officially been lifted. Still don’t see this as being good for Canadian products
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