Canada’s Leading Economic Indicators Rise

OTTAWA (CP) -- The composite leading index rose by 1.1 percent in September, its fourth straight gain, while August was revised up to 1.2 percent from 1.1.

Statistics Canada reports seven of 10 components advanced, led again by the stock market and the housing index, while two components declined.

The housing index rose 4.1 percent, its fifth straight increase.

However, the advance spread from existing home sales to housing starts in September.

The stock market recorded its sixth increase in a row, led by metals and energy stocks.

Employment in business and personal services remained the most persistently weak component, posting a 0.4 percent drop after a year of declines or no growth.

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