CANADA ECONOMY POISED TO SLOW - IMF

Apr 16, 2013

By AM740 Staff

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The International Monetary Fund is predicting Canada’s economy will slow this year  and says policy-makers need to support growth in the short term.

The IMF  thinks economic growth in 2013 will slow to about 1.5 per cent  before picking up to 2.4 per cent in 2014.

It suggests the Bank of Canada maintain its current low-interest rate setting  and that support programs like employment insurance   operate at full capacity if necessary.

 

 

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