IMF downgrades Canadian outlook

The outlook for Canada’s economy for 2015 has been cut to just 1 per cent by the IMF, down from its previous 1.5 per cent forecast in July.

For 2016, it forecasts 1.7 per cent, down from its previous 2.1 per cent outlook. The main reasons are oil prices and lower energy sector investment.

The organisation also cut its global outlook to 3.1 per cent, although the U.S. forecast was increased to 2.6 per cent. 

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