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Money OECD raises outlook for Canadian growth

21:22  13 march  2018
21:22  13 march  2018 Source:   msn.com

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The OECD is raising its economic forecast for Canada amid a strengthening global economy, but also warns that tensions are appearing that could threaten global growth .

The expected increase in Canadian economic growth will be "supported by fiscal initiatives, export-market growth and the slowdown in commodity-related However, the OECD again raised a red flag about the rapid increase in house prices in Canada and other countries including Australia, Sweden

OTTAWA - The OECD is raising its economic forecast for Canada amid a strengthening global economy, but also warns that tensions are appearing that could threaten global growth.

a man standing in front of a crowd© Provided by thecanadianpress.com

The Paris-based economic think-tank says trade protectionism remains a key risk that would negatively affect confidence, investment and jobs.

The OECD comment follows moves by the U.S. to impose tariffs on steel and aluminum imports from most countries in the world, with Canada and Mexico exempted.

The OECD says it now expects the Canadian economy to grow 2.2 per cent this year, up from an earlier prediction of 2.1 per cent.

It also raised its Canadian growth outlook for next year to 2.0 per cent compared with its forecast in November for 1.9 per cent.

The OECD says the revised outlook compares with growth of 3.0 per cent last year in Canada.

U.S. consumer confidence falls from 18-year high in February .
U.S. consumer confidence falls from 18-year high in February0000

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