BUSINESS

Canada Economy 2012: Leading Indicators Rose Again In December, StatsCan Says

01/23/2012 08:42 EST | Updated 03/24/2012 05:12 EDT
AP
OTTAWA - Statistics Canada says its composite leading index rose 0.8 per cent in December, following a 0.9 gain the previous month.

The agency says it was a broad-based increase for the index, with eight of the 10 components rising.

Manufacturing rose across the board for the second consecutive month, with autos providing a substantial boost.

Retail sales of durable goods increased for a sixth straight month.

Housing, services employment and money supply growth also contributed to the increase.

In contrast, the stock market declined for a seventh consecutive month.