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Good news for Canadas Growth for 2013

July 2013, 10
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Canada Economy

2013 brings the latest news for Canada from the International Monetary Fund (IMF). It’s a positive forecast for Canada’s growth.

According to the Washington DC based IMF, forecasted that there is an increase of 1.7% from the 1.5% in Canada’s growth. The increase in growth is by 0.2%, which is not outstanding but a sign of healthy development than before. This growth took place after 3 consecutive downgrades. Canada is the only one out of three, Group of Seven (G-7) countries where growth took place according to the IMF’s update.

The new forecast puts Canada equivalent with the US growth. This growth may make a lot of difference for Canadian economy. This will increase the number of employment opportunities for the people residing in Canada. The growth of any country brings a positive outcome in terms of various aspects. It could be in terms of jobs, education, financial stability, etc.

According to the IMF’s forecast for 2014, there will be an increase in Canada’s growth of 2.2%. This is again excellent news for Canada. This prediction still leaves Canada second among G-7 countries.

Updated forecast of Canadian economy is done by Bank of Canada through its Monetary Policy Report. The report will be published in the month of July along with its interest rate decision.

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