OECD Cuts Canada Growth Views on Slumping Oil

March 18, 2015 2:39 PM

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TORONTO—The Organization for Economic Cooperation and Development cut its growth expectations for Canada on Wednesday as the impact of slumping oil prices works its way through the economy.

The OECD lowered its Canadian growth forecasts to 2.2% for this year and to 2.1% in 2016, down from November projections of 2.6% for 2015 and 2.4% for next year.

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