OECD boosts Canada growth forecast but says more needed to cool housing market
OECD calls for more macro-prudential regulation
In April, Canada's most-populous province rolled out regulations to cool the housing market and prices in May fell 6%. Now the OECD is calling for more.
At the same time, the OECD also boost its forecast for Canadian growth to a rosy 2.8%, up from 2.6%. That double last year's 1.4% growth and better than the 2.1% forecast for the US.