The IMF cut Canada’s growth outlook — but Deloitte says its forecast is still too optimistic

Canada’s growth prospects are bleaker than they were at the start of 2019, according to the International Monetary Fund’s latest outlook, which lands amid speculation over whether a global recession is coming. The IMF cut its growth estimate for Canada to 1.5 per cent in 2019, down from its previous estimate of 1.9 per cent growth in January, according to the World Economic Outlook report published Tuesday. Canada is not alone in the expected slowdown. In fact, the IMF cut its overall global growth forecast to 3.3 per cent for…