Money OECD raises outlook for Canadian growth

21:22  13 march  2018
21:22  13 march  2018 Source:   MSN

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

'There are worse ways to end a year': Canadian economic growth beats expectations. However, the OECD again raised a red flag about the rapid increase in house prices in Canada and other countries including Australia, Sweden and the United Kingdom.

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.

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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.

Canadian Geographic is taking a closer look at its racist past .
Canadian Geographic is combing through its back catalogue for examples of racist portrayals of minorities after National Geographic acknowledged its own problematic record with race this week. After what it called an extensive investigation , the iconic American magazine confirmed that for generations it portrayed people of colour as savage, unsophisticated and unintelligent. "There are lessons to be learned here," said John Geiger, chief executive officer of the Royal Canadian Geographical Society and publisher of Canadian Geographic. "There's a benefit to having organizations own up to these sorts of issues.

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