Leading economic indicators point to stable growth in Canada, according to the latest readings from the Organisation for Economic Cooperation and Development (OECD).
The Paris-based OECD said that its composite leading indicators (CLIs) generally suggest that economic growth is stabilizing in most advanced economies, but at levels below long-term trends.
In particular, the OECD said that the CLIs continue to foretell stable growth momentum in Canada, Japan and the euro area.
Within Europe, the OECD sees stable growth for France and Italy.
For the U.S., U.K. and Germany, the latest leading indicators confirm “signs of stabilization,” which started to show up last month, the OECD noted.
In the major emerging economies, the OECD said that the CLIs signal stable growth momentum in Russia and China. It sees growth gaining traction in Brazil, but slippage for India.