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Export Development Canada Revises Global Economic Forecast

Export Development Canada raised its growth forecast for the global economy, and predicted the nation’s exporters will benefit from an improved U.S. outlook.

Canada’s economy will grow at a pace of 2.7 percent this year, and the nation’s shipments abroad will advance by 5.8 percent, according to a statement by the export financing agency. Global growth will be 4.2 percent this year, the agency said.

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