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Canada Economy: Leading Indicators Up In July Despite Fears Of Global Recession

Canada Economy

First Posted: 08/18/11 11:32 AM ET Updated: 10/18/11 06:12 AM ET

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OTTAWA - Statistics Canada says the composite leading index rose 0.2 per cent in July, up again since June.

The agency reports six of the 10 components increased in July, one more than the previous month.

The agency says that household demand was firm, reflecting the steady gains in the trend of employment.

But the gains were partly offset by declines in the stock market; StatsCan says the Toronto market saw its largest monthly decline since 2009.

The ratio of shipments to inventories also fell due to the first drop in shipments since November.

While auto sales remain slow, furniture and appliance sales rose 1.2 per cent.

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OTTAWA - Statistics Canada says the composite leading index rose 0.2 per cent in July, up again since June. The agency reports six of the 10 components increased in July, one more than the previous...
OTTAWA - Statistics Canada says the composite leading index rose 0.2 per cent in July, up again since June. The agency reports six of the 10 components increased in July, one more than the previous...
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HUFFPOST SUPER USER
patrickwwalker
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02:37 PM on 08/18/2011
I have a hard time believing these numbers. Anyone else wonder if they just generate these meaningless numbers to create the illusion of work and activity to keep their jobs? Basically, are these numbers even useful to anyone?
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CJToronto
107 Fans
05:18 PM on 08/18/2011
Actually, I do believe them. They're not making claims of outlandish growth. In fact, the numbers are rather anemic. But the fact that they're not as anemic as the US is good news, even if only for the short term.

I still feel that the world is approaching one of those "once in a lifetime" perfect storms - with the crisis in Europe and the unraveling of the US; Canada's fate is, in large part, out of our hands.
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