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Global markets: OECD expects global growth to pick up

By Commodity News Service Canada

WINNIPEG, November 28 – The following is a glance at the news moving markets globally.

– The Organization for Economic Co-operation and Development (OECD) expects global growth to pick up in 2017, but left its outlook for the Canadian economy unchanged.

The OECD expects global growth to increase to an estimated 3.3 per cent in 2017, led by the US economy.

The Canadian economy is expected to expand 2.1 per cent next year.

– The Canadian rental vacancy rate increased in 2016, according to reports out of the country on Monday.

The vacancy rate moved up to 3.4 per cent in October, compared with 3.3 per cent in the same time frame a year earlier.

However, the vacancy rate in both Vancouver and Toronto dropped.

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