The head of the International Monetary Fund (IMF) says Canada is in one of the better fiscal positions among the G7 nations — even though the Liberal government is set to run a higher deficit this year.
IMF Managing Director Kristalina Georgieva was asked about the fiscal health of the world’s advanced economies during a press briefing at the IMF’s annual meeting in Washington on Thursday.
“Some have a more significant fiscal problem. Others less…. we have countries in the G7 that are in a better position. Germany and Canada stand up in that regard,” Georgieva said in response.
Georgieva went on to suggest that Canada should use the fiscal wiggle room it has to spur growth as the global economy faces some headwinds.
“The areas that Canada ident
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