When the International Monetary Fund downgraded its global economic forecast in January 2016, it predicted Canada's economy would only grow 1.7 percent for the year. Canadian banks aren't as optimistic, settling for a mere 1.3 per cent. It's not good news for a country that is admittedly feeling the pinch of a downturn. What's to blame? China? Slower than expected growth in the U.S.? That 70 percent plunge in oil value? Whatever the cause, Canadians are feeling the pressure. And we're paying for it with higher food prices, a tanking loonie and rising unemployment.

From the Curio channel: News in Review.