A composite index designed to forecast developments in the Canadian economy. Movements in the ten indicators that comprise Leading Indicators are known to precede larger developments in the rest of the economy. Growth in the index suggests a healthy and growing economy. Indicators include stock market indices, the money supply, a number of durable goods indicators, the average workweek in the manufacturing sector, the real money supply, the US leading index, and business and personal services employment.

Technical Note : The headline value is the percentage change in the composite index from the previous month. The index is smoothed out by averaging the data of the most recent 5 months. The index is not weighted, and is compared to an initial 1992 base year value of 100. Each point above 100 represents a 1% increase from the 1992 values. For example, if the index is at 105, it means that the index is 5% higher than what it was in 1992.

Relevance : Tends to move markets on release
Release Schedule : 8:30 AM (EST); monthly, around the 3 rd week of each month
Source of Report : Statistics Canada
Web Address : http://www.statcan.ca/start.html
Address of Release : http://www.statcan.ca/english/Release/index.htm
Refer current year > Leading Indicators
AKA: Composite Index of Leading Indicators, Leading Indicators Index