Money world

WASHINGTON–Canada’s strong policy framework and proactive response has put it in a better position to deal with the global financial crisis than most countries, but it still faces a challenging near-term economic outlook, the IMF said Friday.

"The near-term economic outlook will be challenging in light of the sharp deterioration in the global environment and Canada’s strong international linkages," the International Monetary Fund said in its annual review of Canada’s economy free health insurance quotes.

The fund saw risks, including from macro-financial linkages, as tilted to the downside, and urged continued vigilance and readiness to act.

It also said Canada was well placed to participate in a further, internationally coordinated stimulus effort, if warranted, noting that this would not put debt sustainability at risk.

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