The outlook for Canada’s economy for 2015 has been cut to just 1 per cent by the IMF, down from its previous 1.5 per cent forecast in July. For 2016 it forecasts 1.7 per cent, down from its previous 2.1 per cent outlook. Oil prices and lower energy sector investment are the main reasons. The organisation also cut its global outlook to 3.1 per cent although the US forecast was increased to 2.6 per cent. 

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