- The International Monetary Fund: Canada’s economy is adjusting well to lower oil prices
Market news
14 June 2016
The International Monetary Fund: Canada’s economy is adjusting well to lower oil prices
The International Monetary Fund (IMF) said in its report on Monday that Canada's economy was adjusting well to lower oil prices. The lender expects the economy to expand 1.7% in 2016 and 2.2% in 2017.
"A supportive monetary policy and exchange rate depreciation have helped cushion the effects of the oil shock," the IMF said.
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