Investment
IMF report cuts growth outlook for Canada to 1.0 per cent for this year
OTTAWA – The International Monetary Fund has cut its growth outlook for the Canadian economy…
OTTAWA – The International Monetary Fund has cut its growth outlook for the Canadian economy…
One day after federal Finance Minister Joe Oliver deflected concerns over Canada’s poor economic showing to start 2015, the OECD announced that it now projects Canadian growth this year at about 1.5 percent, down sharply from 2.2 percent during its previous temperature reading in March and a full percentage point below its forecast last November. Oliver on Tuesday told a Parliamentary Committee that he does not anticipate a recession.