Canada’s finance ministry cuts its economic growth forecast for 2016

Market news

22 February 2016

Canada’s finance ministry cuts its economic growth forecast for 2016

Canada's finance ministry on Monday cut its economic growth forecast due to low oil prices. Canadian Finance Minister Bill Morneau said that the economy is expected to expand 1.4% in 2016, down from the November forecast of 2.0%, and 2.2% in 2017, unchanged from the November estimate.

The 2016-17 budget deficit is expected to be C$18.4 billion, while the 2017-18 deficit is forecasted to be C$15.5 billion.

Gold declines more than 1%

Moody’s: Brexit would have a negative impact on Britain’s economy

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.