Investing.com – Canada’s composite leading index rose more-than-expected in April, official data showed on Wednesday.
In a report, Statistics Canada said that its index of 10 leading indicators rose 0.8% in April, after rising 0.6% in March, whose figure was downwardly revised from a gain of 0.8%.
Analysts had expected the leading index to rise by 0.6%.
Overall, 8 of the 10 components increased in April, two more than the month before. All three manufacturing components advanced, versus only one the month before.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.3% to hit 0.9752.
In a report, Statistics Canada said that its index of 10 leading indicators rose 0.8% in April, after rising 0.6% in March, whose figure was downwardly revised from a gain of 0.8%.
Analysts had expected the leading index to rise by 0.6%.
Overall, 8 of the 10 components increased in April, two more than the month before. All three manufacturing components advanced, versus only one the month before.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.3% to hit 0.9752.