Global markets: IMF revises global growth outlook higher

By Commodity News Service Canada

WINNIPEG, April 19 – The following is a glance at the news moving markets globally.

– The global economy is expected to grow at a faster pace in 2017, reports say.

Estimates from the International Monetary Fund peg the global economy’s growth at 3.5 per cent this year, which is up from 3.1 per cent in 2016.

That compares with the previously estimated 3.4 per cent growth in January.

– Canada’s home prices furthered advances, with an average of about C$548,517 in March, reports say. Sales were also higher on the month, according to data from the Canadian Real Estate Association.

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