Canada Should Provide More Stimulus

Canada Should Provide More Stimulus
The Canadian government and the Bank of Canada should be ready to provide more stimulus to the economy if the downside risks it now faces come to pass, the International Monetary Fund said on Thursday. The multinational agency said authorities were taking the right steps by winding down Canada's fiscal stimulus plan and halting an interest rate hike campaign started in June. But the IMF warned risks to the economic outlook have increased -- including the high debt of Canadian households and the impact of housing market weakness in the United States.