Oecd Economic Surveys: Canada 1998/1999 Volume 1999 Supplement 1

This 1999 edition of OECD's periodic survey of Canada's economy includes a special feature on structural reform. Table of contents Assessment and recommendations I. Recent trends and prospects Overview Figure 1. Conditions for growth Continued but slower economic expansion Table 1. Demand and output Figure 2. Export volumes Figure 3. Contributions to changes in GDP Figure 4. Business fixed investment Improving labour market conditions Table 2. Labour supply and demand Subdued inflation Table 3. Wages, prices and profits Figure 5. Wage indicators Figure 6. Inflation indicators Broadly stable external deficit Table 4. Balance of payments Figure 7. The current balance and its major components Favourable short-term prospects Table 5. Short-term projections The medium-term outlook Table 6. A medium-term scenario II. Macroeconomic policies Monetary management The operational framework The conduct of policy Figure 8. Monetary conditions Figure 9. Interest rate differentials and the yield gap Table 7. Money and credit The fiscal stance General government Figure 10. Decomposition of the general government financial balance Federal government Table 8. Sources of changes in the federal budgetary balance Provincial governments Table 9. Provincial deficits and debt Debt developments Figure 11. Government debt Assessment and challenges III. Progress in structural reform Table 10. Implementing the OECD Jobs Strategy – an overview of progress OECD Jobs Strategy follow-up Unemployment and related benefit systems Active labour market policies (ALMPs) Wage formation Labour force skills and competences Enhancing product market competition Recent reform initiatives Financial sector International and internal trade Table 11. Agreement on Internal Trade: major outstanding obligations Taxation Table 12. Structure of taxation Table 13. Fiscal costs of tax and premium rate reductions Public sector Box 1. Industry Canada’s performance measurement Ongoing issues Box 2. Canada’s productivity performance Notes Annex I – Measuring productivity Table A1. Statistics Canada: business sector coverage Table A2. International sectoral data base: industry coverage Table A3. Productivity measures for Canada Annex II – Chronology of economic events STATISTICAL ANNEX AND STRUCTURAL INDICATORS Table A. Selected background statistics Table B. Supply and use of resources Table C. Industrial production, employment and other business indicators Table D. Prices, wages and finance Table E. Balance of payments Table F. Public sector Table G. Financial markets Table H. Labour market indicators Table I. Production structure and performance indicators BASIC STATISTICS: INTERNATIONAL COMPARISONS BASIC STATISTICS: INTERNATIONAL COMPARISONS BASIC STATISTICS: INTERNATIONAL COMPARISONS (cont’d) BASIC STATISTICS: INTERNATIONAL COMPARISONS (cont’d) Boxes Box 1. Industry Canada’s performance measurement Box 2. Canada’s productivity performance Tables Table 1. Demand and output Table 2. Labour supply and demand Table 3. Wages, prices and profits Table 4. Balance of payments Table 5. Short-term projections Table 6. A medium-term scenario Table 7. Money and credit Table 8. Sources of changes in the federal budgetary balance Table 9. Provincial deficits and debt Table 10. Implementing the OECD Jobs Strategy – an overview of progress Table 11. Agreement on Internal Trade: major outstanding obligations Table 12. Structure of taxation Table 13. Fiscal costs of tax and premium rate reductions Annex Table A1. Statistics Canada: business sector coverage Table A2. International sectoral data base: industry coverage Table A3. Productivity measures for Canada Figures Figure 1. Conditions for growth Figure 2. Export volumes Figure 3. Contributions to changes in GDP Figure 4. Business fixed investment Figure 5. Wage indicators Figure 6. Inflation indicators Figure 7. The current balance and its major components Figure 8. Monetary conditions Figure 9. Interest rate differentials and the yield gap Figure 10. Decomposition of the general government financial balance Figure 11. Government debt