Canada and Quarter

: The first quarter of 2019 is expected to be particularly weak in Canada due to an 8.7 per cent reduction in oilsands output that kicked in at the start of January, according to The Toronto Star. Ben Nelms / Bloomberg File Photo In the United States and Germany, the tentative signs of easing growth momentum that were flagged in last month's assessment have been confirmed, the Paris-based research organization said in a statement. The monthly composite leading indicators report Monday affirmed slowing growth across the 36-nation OECD with more declines on the horizon for Canada, the U.K., the Eurozone including Germany, France and Italy and in the United States where some cooling is expected later this year. Most forecasters have been anticipating a global slowdown, with the first quarter of 2019 being seen as particularly weak in Canada due to an 8.7 per cent reduction in oilsands output that kicked in at the start of January. Article Continued Below The OECD data, designed to anticipate turning points in economic activity up to nine months ahead, continues to flag stable growth in Japan, with easing momentum seen for Brazil and Russia. We do, however, continue to think growth will rebound from that weak showing as oil production ramps up and the rest of the economy continues to grow roughly at potential, said Scotiabank deputy chief economist Jean-Francois Perrault in an email. (news.financializer.com). As reported in the news.