OECD paints glowing picture of Canadian economy

The North American economy is leading a stronger-than-expected rebound in growth among western countries, though serious risks remain in the global economy due to the Europe-centred debt crisis and overheating in emerging market economies, a Paris-based think-tank warned here Wednesday.

The Canadian economy is particularly strong this year, aided by a healthy banking sector and low government deficits relative to its competitors, according to the Organization for Economic Co-operation and Development. (more)