IMF Sees Canada’s Fiscal Position as Strongest in Group of Seven

Mark Carney, right, and Francois-Philippe Champagne before releasing the federal budget in Ottawa on Nov. 4.Photographer: David Kawai/Bloomberg

The International Monetary Fund lauded Canada’s fiscal position relative to its peers as Prime Minister Mark Carney prepares to give an update on his government’s finances.

“Across the Group of Seven, Canada’s probably in the strongest position fiscally,” Nigel Chalk, director of the IMF’s Western Hemisphere Department, said in an interview in Washington.