The Conference Board of Canada’s Composite Leading Index rose 1.2 points in August. Now sitting at 113.6 (2010 = 100), the index is at its highest level since November 2007.
The index’s strength is not surprising,
given the recent strength of Canada’s economy. However, the Conference Board expects economic growth to slow from the impressive first half of the year, which could weigh down the Composite Leading Index in the months to come.