Economic Outlook

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OECD Slashes Canada's Economic Outlook

The OECD has lowered its estimate for Canada's economic growth this year to 1.1 per cent -- down 0.4 of a percentage point -- as weakened conditions in recent months affect many countries around the w...
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IMF: U.S. A Drag On Canada's Economy

OTTAWA - The International Monetary Fund says Canada's economy will be a little weaker this year than previously projected, although it will continue to lead all nations in the Group of Seven but one....
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Uh Oh: BoC Lowers Forecast

OTTAWA - Bank of Canada governor Stephen Poloz says he has not ruled out a future cut to interest rates despite evidence disinflationary pressures appear to be waning and his belief that the global an...
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Latest Economic Outlook Suprisingly Rosy

OTTAWA - The latest Bank of Canada survey on business sentiment finds a decidedly more positive outlook, and that may be good news for Canadian workers.The influential quarterly survey of 100 represen...
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Economy Weaker Than It Appears: BoC

OTTAWA - The Bank of Canada says it sees some encouraging signs in the Canadian and global economies, but warned inflation remains too low to justify moving off its view that the recovery remains frag...
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Bad News, Canada

OTTAWA - The Bank of Canada sharply downgraded its expectations Wednesday on economic growth for the first half of this year, but held the line on offering more stimulus because it says it still belie...