Document Highlights:
Signal49 Research’s Leading Indicator of Industry Profitability posted its eleventh consecutive monthly gain in July. Gains in Canada’s headline equity market index and improvements to its labour market were among the developments that supported the index’s increase.
Of the 49 industries included in the index, 31 improved in July. The manufacturing sector has become the main source of strength at the industry level, with 13 of its 17 constituent industries displaying positive near-term profit outlooks.
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