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IMF urges Canada to set up rainy-day resource fund

Posted on 15 February 2013

The International Monetary Fund says Canada could better manage boom-and-bust commodities cycles by stashing away more tax revenue in good times.
Both Ottawa and the resource-rich provinces should make better use of so-called “stabilization funds” to manage the inevitable volatility in the price of oil, natural gas, coal and other commodities, the Washington-based lender said in its annual report on the Canadian economy………………………………………Full Article: Source


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