The monthly Leading Indicator of Industry Profitability is constructed from high frequency data series. The indicators are designed to be predictive of movements in corporate profitability six months hence. An industry leading index is created for the economy as a whole, as well as for 49 individual sectors within the economy, thus providing coverage for most of the private business activity that takes place in Canada.
Leading Indicator of Industry Profitability: July 2016
Leading Indicator of Industry Profitability: July 2016
Industry Economic Analysis
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- The profitability outlook continued to improve in June, as resources prices began to rebound.
- A gradual appreciation in the Canadian dollar has begun to take its toll on Canadian manufacturing, with 15 of 17 manufacturing industries seeing their profitability outlooks worsen.
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