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Macdonald-Laurier Institute

Canada’s Economy to Continue Experiencing Slow Growth in 2018: MLI’s Leading Economic Indicator

August 9, 2018
in Domestic Policy Program, Economic policy, Latest News, Leading Economic Indicator, Philip Cross, Releases
Reading Time: 1 min read
A A

Philip CrossOTTAWA, ON (August 9, 2018): The Macdonald-Laurier Institute’s Leading Economic Indicator (LEI), a tool designed to predict changes in the Canadian business cycle, increased by 0.2 percent in June. This follows two consecutive gains of 0.1 percent.

Overall, seven of the ten components posted modest gains, two were unchanged and one decreased.

“The slight improvement in growth largely originated in the housing index,” says MLI Munk Senior Fellow Philip Cross, the author of the LEI . The housing index rose by 0.5 percent after five consecutive declines following a tightening of mortgage lending regulations took effect in January of this year.

However, the Bloomberg index of consumer sentiment continued to erode, down 1.4 percent as US tariffs on some Canadian metals exports took effect. This contributed to the sluggish rise of the LEI.

“The slow growth of the overall index points to continued modest gains in the Canadian economy in the second half of the year.”

To learn more about the leading economic indicator, click here.

For more information, media are invited to contact:

Brett Byers-Lane
Communications and Digital Media Manager
613-482-8327  x105
brett.byers-lane@macdonaldlaurier.ca

Tags: economyLeading Economic IndicatorPhilip Cross
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  • Home
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  • Issues
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      • Agriculture and Agri-Food
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  • Projects
    • COVID and after: A mandate for recovery
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    • Provincial COVID Misery Index
    • Centre for Advancing Canada’s Interests Abroad
      • Dragon at the Door
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    • An Intellectual Property Strategy for Canada
    • Competition Policy in Canada
    • Speak for Ourselves
    • Canada and the Indo-Pacific Initiative
    • DisInfoWatch.org
    • The Transatlantic Program
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      • Aboriginal Canada and Natural Resources
    • Talkin’ in the Free World with Mariam Memarsadeghi
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