59353
59178
56468
S&P/TSX
16214.75
+64.83
(0.40%)
S&P-CDNX
720.25
+5.80
(0.81%)
S&P-500
2930.75
+22.80
(0.78%)
NASDAQ
1191.57
+17.30
(1.47%)
Dow
26656.98
+251.22
(0.95%)
Dollar
0.77422
-0.00074
(-0.09523%)
Oil
70.72
+0.40
(+0.57%)
Gold
1210.00
-1.30
(-0.11%)
Silver
14.390
+0.085
(+0.59%)


OECD raises outlook

The Organization for Economic Co-operation and Development has raised its expectations for economic growth in Canada this year compared with a June forecast.

The Paris-based economic think tank says it now expects the Canadian economy to grow by 3.2 per cent this year, best in the G7.

That is up from its forecast in June for growth of 2.8 per cent.

The OECD maintained its Canadian outlook for 2018 at 2.3 per cent.

Meanwhile, the organization's outlook for global economic growth was unchanged at 3.5 per cent for this year and up slightly at 3.7 per cent for 2018, compared with 3.6 per cent in its previous forecast.

Expectations for the U.S. were unchanged at 2.1 per cent this year and 2.4 per cent next year.



More Business News

132163
Data from CryptoCompare
Recent Trending
59578
Okanagan Oldies
59231
Castanet Proud Member of RTNDA Canada
59231
Press Room
132376
59608