•  The broad outlines of the Canadian outlook are the same as those in January, but its profile has shifted. •  Canada's real GDP is projected to decline by 3.0 per cent this year, and growth is expected to resume in the autumn and accelerate to 2.5 per cent in 2010, and 4.7 per cent in 2011.
The Strategic Review was necessary and useful in defining what needs to be done today. It is, however, the first step. Sixty years ago, the Fund was created to maintain a network of exchange rates anchored on the U.S. dollar backed by gold. There was also a mechanism to facilitate adjustments. Member countries were obliged to enter into annual consultations.