OTTAWA, ON: Canada’s economy has continued its downward slide, with the Macdonald-Laurier Institute’s leading economic indicator dropping by yet another 1.9 percent. This builds upon a harsh trend of decline that has been tracked in the previous two LEI updates.
Comprising of 10 components, the LEI is a tool designed to predict Canada’s future economic growth and track changes within Canada’s business cycle. This latest update reflects data from May, demonstrating that while the trajectory of the freefall has improved slightly, Canada’s economy is still not out of the woods.
