Composite Leading Index for Canada: September 2017

The Conference Board of Canada, October 5, 2017
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The composite leading index of the Canadian economy sums up the performance of 10 components that track the short-term course of the economy.

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The Conference Board of Canada’s Composite Leading Index declined 0.6 points to 112.6 in July (2010  = 100). The decline was largely a result of a drop in building permits. The S&P/TSX Composite Index also fell in July, its third straight monthly decline, but continued strength in the U.S. leading index and an increase in consumer confidence in Canada partially offset these declines. The index’s decline further supports our view that the exceptional growth in Canada is unsustainable and will taper in the second half of the year.

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