IMF says Canada's economy to keep growing despite oil drop

Canada's economy will keep growing this year, despite a sharp drop in oil prices, as a rise in exports to a recovering U.S. market offsets declines in domestic consumption and investment, the International Monetary Fund (IMF) said on Friday. While the economy has not yet shifted to broad-based recovery, growth is expected to become more balanced this year as the housing market cools, the IMF said. Still, Canada is a major oil producer and the drop in oil prices will be a drag on growth due