The IMF now expects Canada gross domestic product to grow 2.5 per cent this year iphone cases, leading G7 growth, according to its latest World Economic Outlook. That up from the prior forecast of 1.9 per cent released in April.The IMF expects Canada economy to grow 1.9 per cent in 2018, a slight decrease from the April forecast of 2.0 per cent.The IMF boosted its 2017 outlook after taking stock of Canada surge in strong, year to date economic data. Domestic demand boosted first quarter growth to 3.7 per cent and indicators suggest resilient second quarter activity, the IMF said.Now that the Bank of Canada has scratched the interest rate itch, get ready for moreThe case for another Bank of Canada rate hike in October growsHow the Bank of Canada rate hike could spell trouble for Trudeau’s middle class dreamThe Bank of Canada raised its policy interest rate by 25 basis points to 0.75 per cent on July 12.
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