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: October 2010
Leading Indicator of Industry Profitability: October 2010
Industry Economic Analysis
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The Leading Indicator of Industry Profitability, which is meant to predict short-term movements in corporate profitability, has now declined for six consecutive months. This suggests Canadian corporate profits, after falling 1.8 per cent in the second quarter of 2010, will continue to decline throughout the rest of the year and possibly into the first quarter of next year.
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