Organization for Economic Co-operation and Development
Paris-based think tank says the world economy is trapped in a period of low growth.
Think-tank trims Canadian growth outlook to 1.2% this year.
Canada is taking the right measures to break out of the low-growth trap, organization’s secretary general says.
Historically low mortgage rates are luring more Canadians into the real estate market.
Think tank says more stimulus is needed.
Economists believe the central bank won’t budge off 1% until the first quarter of 2015, perhaps even later.
OECD study finds some multinationals use strategies allowing them to pay corporate taxes as low as 5%.
Economic development organization projects Canadian growth of only 1.8% in 2013.
Canadian policy-makers optimistic the US is poised for sustained recovery.