The OECD says leading indicators in Canada point to continued growth, but below the long-term trend for the country.
The economic prospects for Canada are in line with most major economies in the world, says the Paris-based international organization.
In its latest report, the Organization for Economic Co-operation and Development says most major economies face a continued loss of momentum in the coming quarters, which many blame for the Canadian economy's recent lacklustre performance. Canada suffered the worst trade deficit in recorded history in July.
Of the major economies, the OECD says growth is expected to pick up in only two countries the United Kingdom and Brazil.
All others are characterized as undergoing a slowdown, moderating growth or continued weak growth.
