Canadian Finance Minister Bill Morneau has a good story to tell, but he can’t quite bring himself to tell it.
The economy he has overseen since the end of 2015 is one of the strongest this side of Asia. On October 10, the International Monetary Fund (IMF) said Canada’s GDP will expand three percent this year, which is 1.1 percentage points more than the Fund expected in April. No other country has experienced such a positive change in circumstances since the start of 2017. “The Canadian economy continues to perform very well,” Brian Porter, chief executive of Bank of Nova Scotia, Canada’s third-biggest lender, told an audience in Washington on October 13.
Morneau agrees. “The facts are strong,” he told reporters during the annual meetings of the IMF and the World Bank.
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