The World Economic Outlook – all 297 pages of it – is out. Here is the paragraph on Canada:

The Canadian economy continues to perform robustly, benefiting from its strong macroeconomic policy framework and the boom in global commodity prices. The main risks to the outlook are external, including the possibility of a sharper-than-expected slowing in the U.S. economy and a disorderly adjustment of global imbalances that could result in a substantial further appreciation of the Canadian dollar. With wage growth decelerating and CPI inflation well contained, the Bank of Canada recently halted the process of monetary tightening that had begun in September 2005. A strong fiscal position remains at the center of the new government’s economic policies, with the FY2006/07 budget including welcome commitments to lower public debt (to 25 percent of GDP by FY2013/14), contain expenditure growth, and reduce the tax burden on the corporate sector.

Would it be petty of me to think that a G7 country deserves just a wee bit more attention? Oh well, at least they regularly included us in their statistical tables, which is more than I can say for a certain well-known UK publication.