The MLI index showed encouraging signs of growth in the Canadian economy in December. It rose 0.2% in December to match upward-revised gains in October and November. But just as importantly, the breadth of growth in the index increased significantly, says MLI's Philip Cross.
According to Cross, "Only one component contracted in December, compared with four declines the month before, while six increased and two were unchanged."
"The gradual improvement in the leading index – from no growth in July to diffuse gains by year-end – points to a pick-up in economic growth as 2013 unfolds."
Read the full coverage below:
"Canada composite leading indicator rises 0.2 percent in December," by Louise Egan, Reuters Canada, January 29, 2013
"Canada MLI Leading Indicator Posts 5th Monthly Gain in December," by Theophilos Argitis, Bloomberg Businessweek, January 29, 2013
"Economy Today: Outlook better here, confidence mixed globally," by Eric Beauchesne, iPolitics, January 29, 2013