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The composite leading index of the Canadian economy sums up the performance of nine components that track the short-term course of the economy.
The index rose in May, led by strong energy prices, a solid stock market performance, and increases in new orders for durable goods.
Consumer confidence was up slightly. Canadians were particularly confident about their future finances and future employment opportunities.
Non-residential building permits were essentially flat in May.
The Bank of Canada’s Commodity Price Index rose in May, reaching its highest value since 2014.
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