IMF downgrades Canada's 2014 growth to 2.2%, 2nd best in G7
Global growth stalled by weakness in U.S. and China as Britain pulls ahead
The International Monetary Fund has downgraded its economic outlook for Canada, saying the economy will grow just 2.2 per cent in 2014 and 2.4 per cent in 2015.
It’s somewhat gloomier outlook puts it in line with the Bank of Canada, which has said the slow start to the year because of a bitter winter and weakness in China will mean less economic activity in Canada.
The Canadian dollar fell on the news, trading 0.19 of a cent lower at 93.02 cents US on Thursday afternoon.
The IMF also forecasts slower growth in the rest of the world, saying the world economy will grow at 3.4 per cent in 2014, picking up to four per cent in 2015. That’s less than the 3.7 per cent it had anticipated for this year.
more 'not harper's fault'
IMF downgrades Canada's 2014 growth to 2.2%, 2nd best in G7 - Business - CBC News
Global growth stalled by weakness in U.S. and China as Britain pulls ahead
The International Monetary Fund has downgraded its economic outlook for Canada, saying the economy will grow just 2.2 per cent in 2014 and 2.4 per cent in 2015.
It’s somewhat gloomier outlook puts it in line with the Bank of Canada, which has said the slow start to the year because of a bitter winter and weakness in China will mean less economic activity in Canada.
The Canadian dollar fell on the news, trading 0.19 of a cent lower at 93.02 cents US on Thursday afternoon.
The IMF also forecasts slower growth in the rest of the world, saying the world economy will grow at 3.4 per cent in 2014, picking up to four per cent in 2015. That’s less than the 3.7 per cent it had anticipated for this year.
more 'not harper's fault'
IMF downgrades Canada's 2014 growth to 2.2%, 2nd best in G7 - Business - CBC News