Finance Minister Bill Morneau today welcomed the final report of the International Monetary Fund's (IMF) annual Article IV Mission to Canada, which found that the Government of Canada's plan to invest in the middle class is leading to growth that works for everyone.

"I'm pleased that the IMF recognizes the soundness of our government's plan.  Since taking office, we've been focused on making investments that will strengthen and grow the middle class, and offer real help to people working hard to join it.  Our plan is working. We will continue to invest in Canadians and in the things that matter to Canadians, as we work to deliver growth that works for everyone."

- Bill Morneau, Minister of Finance

• Since 2016, Canadians have created hundreds of thousands of jobs, pushing unemployment to 40-year lows. Canada's federal debt-to-GDP (gross domestic product) ratio remains firmly on a downward track and the deficit-to-GDP ratio is projected to reach 0.5 per cent in 2022–23.

• Canada's total government net debt-to-GDP ratio is the lowest among G7 countries.

Related products

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Associated links

• Canada: Final Report of the 2018 Article IV Mission
• International Monetary Fund Recognizes Canada's Success in Delivering Growth That Works for Everyone

Media may contact:

Pierre-Olivier Herbert 
Press Secretary 
Office of the Minister of Finance
pierre-olivier.herbert@canada.ca 
613-369-5696

Media Relations
Department of Finance Canada
fin.media-media.fin@canada.ca
613-369-4000

General Enquiries

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