Advertisement
Canada markets close in 5 hours 9 minutes

  • S&P/TSX

    21,748.26
    -125.46 (-0.57%)
     

  • S&P 500

    5,002.10
    -69.53 (-1.37%)
     

  • DOW

    37,779.82
    -681.10 (-1.77%)
     

  • CAD/USD

    0.7299
    +0.0001 (+0.02%)
     

  • CRUDE OIL

    82.21
    -0.60 (-0.72%)
     

  • Bitcoin CAD

    86,884.88
    -2,439.17 (-2.73%)
     

  • CMC Crypto 200

    1,375.77
    -6.80 (-0.49%)
     

  • GOLD FUTURES

    2,356.20
    +17.80 (+0.76%)
     

  • RUSSELL 2000

    1,967.71
    -27.72 (-1.39%)
     

  • 10-Yr Bond

    4.7120
    +0.0600 (+1.29%)
     

  • NASDAQ

    15,441.43
    -271.32 (-1.73%)
     

  • VOLATILITY

    16.94
    +0.97 (+6.07%)
     

  • FTSE

    8,063.02
    +22.64 (+0.28%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6807
    -0.0012 (-0.18%)
     
BREAKING:

HONDA TO SET UP $15B EV PRODUCTION BASE IN CANADA

Automaker to get up to $5B in government assistance for EV battery, assembly plants

German institutes revise up 2016 growth forecast to 1.9 percent

Reuters
People walk through the Mall of Berlin shopping centre during its opening night in Berlin, September 24, 2014. REUTERS/Thomas Peter/File Photo

BERLIN (Reuters) - Germany's leading economic institutes have revised up their 2016 growth forecast for Europe's largest economy to 1.9 percent from 1.6 percent, several sources familiar with a report due to be presented to the government told Reuters on Wednesday.

The institutes revised down their estimate for 2017 growth to 1.4 percent from their previous forecast of 1.5 percent, the sources said.

The German economy expanded by 1.7 percent last year.

The institutes are due to publish their report on the outlook for the economy on Thursday. The institutes' forecasts form the basis for the government's own predictions.

(Reporting by Rene Wagner and Klaus Lauer; Writing by Joseph Nasr; Editing by Michelle Martin)