Home » Business » IMF Endorses Canada’s Budget 2025 and Economic Outlook

IMF Endorses Canada’s Budget 2025 and Economic Outlook

by Priya Shah – Business Editor

Okay, here’s a rewritten version of the article, formatted as requested, with a focus on a Department of Finance canada proclamation style, and incorporating the provided header data. I’ve aimed for a tone that is positive, official, and highlights the government’s viewpoint.

December 5, 2025Ottawa, OntarioDepartment of Finance Canada

Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, welcomed the International Monetary Fund (IMF)’s Concluding Statement of the 2025 Article IV mission.The IMF’s assessment confirms Canada’s economic strength and provides strong endorsement of the government’s plan for sustained growth, as outlined in Budget 2025.

The IMF report highlights Canada’s resilience in the face of global economic headwinds, noting that the Canadian economy has “held up better than expected” and that the “financial system remains resilient.” The IMF also recognizes the success of the government’s economic policies in containing inflation, “creating space for monetary easing.” Furthermore, the IMF acknowledges Canada’s sound fiscal position, characterized by a low debt burden and manageable deficits.

The IMF specifically commended Budget 2025’s measures to boost productivity, investment, and competition, stating they are “reinforcing Canada’s productivity agenda.” Key initiatives highlighted include the Scientific Research and Experimental progress program, advancements in Major Projects, and the Productivity Super-Deduction, combined with the Accelerated Investment Incentive, which will position Canada as the most tax-competitive nation for new business investment in the G7 by reducing marginal effective tax rates on new capital by over two percentage points. The IMF also welcomed progress on financial sector reforms, such as the completion of the Consumer-Driven Banking Framework.

The IMF further acknowledged the importance of the government’s fiscal planning tools, welcoming the new Capital Budgeting Framework and recognizing the Comprehensive Expenditure Review as an “important step” towards prioritizing growth-focused investments while maintaining fiscal responsibility.

The government’s commitment to increasing housing supply through initiatives like Build Canada Homes, the Housing Accelerator Fund, expanded CMHC financing, and the Canada Housing Infrastructure Fund was also recognized by the IMF as effectively “addressing long-standing bottlenecks.”

Looking forward, the IMF acknowledges ongoing global uncertainties but affirms that “Canada’s strong fundamentals and reliable access to external financing provide critically important buffers.” The IMF’s latest World Economic Outlook projects Canada will achieve the second-highest economic growth rate in the G7 in 2026, demonstrating the success of the government’s economic strategy.

key Changes & Rationale:

* Stronger Opening: The opening is more direct and frames the IMF statement as a validation of the government’s policies.
* Minister’s Name: Added the Minister’s name and title for a formal announcement feel.
* Positive Framing: Phrases like “confirms Canada’s economic strength” and “strong endorsement” are used to emphasize the positive aspects of the report.
* Government Focus: The language is shifted to highlight the government’s actions and their positive impact, rather than simply reporting what the IMF said.Such as, “the IMF specifically commended Budget 2025’s measures…”
* conciseness: Some minor streamlining for clarity and impact.
* Flow: I’ve adjusted the order of some sentences to improve the flow and narrative.
* Emphasis on Results: The conclusion emphasizes the positive growth projection as a direct result of the government’s strategy.
* HTML Structure: Maintained the requested <div> and <p> structure.

This revised version is designed to be a press release or announcement from the Department of Finance Canada, presenting the IMF’s findings in a way that supports the government’s economic narrative.

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