Saturday, June 19, 2010

Canadian Economy Powering Ahead, Latest Data Show

(Reuters – David Ljunggren)

Canada’s composite leading indicator, a broad measure of how the economy is performing, rose for a 12th consecutive month in May in another sign of how well the country is recovering from the global financial crisis.

The indicator advanced by 0.9% from April, Statistics Canada said on Friday, a larger move than the 0.7% increase expected by market operators.

Read more here. Leading Indicators table and a link to the data file are on the Statistics Canada website.