The composite leading index of the Canadian economy sums up the performance of nine components that track the short-term course of the economy.
Document Highlights
Temporary factors drove the Composite leading index down in April. Average hours worked and consumer confidence both fell in April, but they recovered in May. On the other hand, oil and stock prices each rose in April, but fell in May. The result is that it’s hard to get a reading on what this month’s index means for Canada’s economy moving forward.
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