NEWS
IMF Cuts Canada GDP Growth Forecast
Tue Oct 8, 2013 08:20 AM CDT

OTTAWA (Dow Jones) -- The International Monetary Fund Tuesday lowered its 2013 growth forecast for Canada and predicted an acceleration next year, but said the balance of risks is tilted to the downside as potentially weaker external demand may drag on Canadian exports.

The IMF said the Bank of Canada's accommodative policy stance remains "appropriate."

The Washington D.C.-based fund said Canadian gross domestic product will probably expand 1.6% this year -- the same pace as the U.S. -- a bit down from its July prediction of 1.7%. It left its Canadian growth forecast for 2014 unchanged at 2.2%, which is ...

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