Canada : leading indicators

The index of leading indicators published today by Statistics Canada leads to think that economic growth in Canada will be less than anticipated in the coming months. The index increased by only 0.3 % in November, the same rate as in October. Its recent evolution suggests a growth downturn. Last October, the Bank of Canada predicted a growth of 2.6 % in the first quarter of 2011 and 2.3 % in the second, which today seem optimistic.