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Leading indicators rose for April

Published by Steve Coleman on May 23, 2012

Canada's composite leading indicators increased by the same amount in April as they did in March.

Statistics Canada says the numbers rose 0.3 per cent for the month, the 10th time in as many months that the economy's yardsticks have gotten a little farther apart.

Of the 10 components used to measure growth, seven showed movement for the month.

Housing starts, furniture sales and sales of other durable goods increased for the third month. Both the financial components and employment in the services sector also showed movement into the plus side for the month.

The one thing that did get shorter during the month was the average work week after being flat the last two months.

In manufacturing, new orders fell for the second month in a row, while the ratio of shipments to inventories remained unchanged.

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