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OTTAWA — Canada’s economy will grow slightly slower than forecast by the International Monetary Fund just a few months ago, with momentum remaining “solid” but constrained by the collapse of global oil prices that have weakened investment and employment.

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The strengthening dollar is boosting growth in the euro area and Japan while taking some steam out of the U.S. recovery, the IMF said in its latest forecast.

The International Monetary Fund left its projection for global growth in 2015 unchanged from three months ago at 3.5 per cent, according to its World Economic Outlook released Tuesday. Underneath the stable forecast, however, the IMF depicts a global economy being reshaped by swings in currency markets and the drop in oil prices.

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Canada’s output is expected to increase by 2.2 per cent this year and 2.0 per cent in 2016, the Washington-based IMF said in its spring World Economic Outlook released Tuesday.