Newspaper article The Canadian Press

Today on the Hill: The IMF Pronounces on Where Canada's Economy Is Headed

Newspaper article The Canadian Press

Today on the Hill: The IMF Pronounces on Where Canada's Economy Is Headed

Article excerpt

Today on the Hill: Where goes the economy

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OTTAWA - Expect more pronouncements from outside Canada today on where the country's economy is headed.

The International Monetary Fund has scheduled a news conference to discuss the organization's concluding statement on the state of Canada's economy.

The IMF viewpoint comes a day after the Organization for Economic Co-operation and Development trimmed its forecast for the economy.

The OECD projected Tuesday the Canadian economy will grow by 2.4 per cent this year and 2.6 per cent in 2015 -- down slightly from its earlier forecast for both years.

At the same time it predicted the Bank of Canada will start raising its key interest rate in late May.

Here are some other events expected to take place in and around Ottawa:

-- Canada's telecom regulator, the CRTC, continues hearings into whether more regulation is needed for the country's wholesale wired Internet service industry;

-- Revenue Minister Kerry-Lynne Findlay is scheduled to announce a formal agreement between the Canada Revenue Agency and the Chartered Professional Accountants of Canada;

-- The Economic Club of Canada is hosting a panel discussion on Canada's role in the billion dollar medical marijuana industry;

-- Canadian-born Deepan Budlakoti appears before the Ontario Health Services Appeal and Review Board concerning his rejected OHIP coverage. …

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