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IMF Flags Housing, Competitiveness as Canada Economy Risks

Homes stand in this aerial photograph taken above Toronto, Ontario, Canada, on Monday, Oct. 2, 2017.
Photographer: James MacDonald/Bloomberg
Updated on

Canada should reconsider how it taxes corporations to make sure they remain competitive after U.S. tax reductions, the International Monetary Fund said.

The Washington-based group made the recommendations Monday in its annual review of the Canadian economy. The report also said the existing set of regulations aiming to curb housing risks seem to be working, but cautioned policy makers should be prepared to do more if needed to keep the economy on track.