Canada Should Recommit to Declining Debt-to-GDP Ratio: IMF Report

A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., on Nov. 24, 2024. Benoit Tessier/File Photo/ReutersThe International Monetary Fund (IMF) said Canada should recommit to having a declining debt-to-GDP ratio as a fiscal anchor, which the latest budget removed and replaced with a declining deficit-to-GDP ratio.The IMF said in its Dec. 5 report that Ottawa’s fiscal anchors, which are designed to steer decisions related to spending, taxation, and borrowing, should include a debt-to-GDP anchor as a “central” one.