OECD economic surveys : Canada 2014 / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author.

Contributor:

Organisation for Economic Co-operation and Development, sponsoring body.

Series:

OECD Economic Surveys

OECD Economic Surveys, 1609-7513

OECD Economic Surveys : Canada

Language:

English

Subjects (All):

Canada--Economic conditions.

Canada.

Canada--Economic policy.

Physical Description:

1 online resource (139 p.)

Other Title:

Organisation for Economic Co-operation and Development economic surveys

Place of Publication:

[Paris, France] : OECD, 2014.

Language Note:

English

Summary:

OECD's 2014 Economic Survey of Canada examines recent economic developments, policies and prospects. Special chapters cover housing in Canada and the labour market and skills mismatch.

Contents:

Special Foreword to the OECD Economic Survey of Canada 2014 ; Table of contents; Basic statistics of Canada, 2012; Executive summary; Main findings; Key recommendations; Assessment and recommendations; The economy is growing solidly; Figure 1. Non-commodity export performance has been undermined by a loss of cost competitiveness ; Figure 2. Real business investment ; Table 1. Productivity growth has been weak ; Figure 3. Canada has enjoyed solid labour-market performance ; Figure 4. Headline inflation has returned to the centre of the target range

Figure 5. Monetary policy remains accommodative Table 2. Macroeconomic indicators and projections ; The financial system appears sound, but housing-related risks remain; High house prices and household debt create concerns; Figure 6. Housing units under construction in Toronto ; Figure 7. Mortgage rates and household debt ; Bank asset quality has remained high; Shifting more housing risk to the private sector would strengthen financial stability; Well-being is high, but income inequality has risen; Figure 8. Canadians enjoy high levels of well-being and social progress

Housing affordability is a concernFigure 9. Income inequality has increased, and redistribution has declined ; Figure 10. Housing expenditures ; Figure 11. Housing affordability: median house price relative to median household income ; Figure 12. Share of households spending above 30% of pre-tax income on shelter costs ; Recommendations on monetary policy and housing-related financial-stability risks ; Reducing skills shortages; Figure 13. Post-secondary education earnings premiums have been stable ; Figure 14. Earnings premiums for university degrees by field of study

Table 3. Regional changes in real earnings and in earnings premiums relative to high-school graduate earnings Figure 15. Vacancy rates have increased most in the skilled trades and in Alberta and Saskatchewan ; Further reforms to reduce skills shortages; Figure 16. Literacy and numeracy scores for 16-24 year-olds, 2012 ; Figure 17. Immigrants' jobs before and after arrival by skill level ; Figure 18. Unemployment and its regional dispersion ; Recommendations to reduce skills shortages ; Improving fiscal sustainability; Table 4. Fiscal consolidation is ongoing

Recommendations to improve fiscal sustainability Managing non-renewable resource revenues and economic disparities; The resource boom has increased economic disparities; Figure 19. Provincial fiscal capacities ; The impact of the resource boom on Aboriginal communities has been mixed; Managing revenues from non-renewable resources prudently and equitably; Figure 20. Average government take in oil and gas fiscal regimes ; Recommendations to improve management of non-renewable resources and address regional disparities ; Ensuring growth is environmentally sustainable

Greater efforts are needed to address the environmental costs of resource extraction

Notes:

"June 2014"--Cover.

Includes bibliographical references at the end of each chapters.

Description based on online resource; title from PDF title page (ebrary, viewed August 27, 2014).

ISBN:

9789264220782

926422078X

9789264206977

9264206973

OCLC:

871780649