OTTAWA, ON (December 4, 2018): After sending weak and sluggish signals for the better part of 2018, Canada’s economy has tipped into decline as the year draws to a close.
The Macdonald-Laurier Institute’s Leading Economic Indicator (LEI), a tool designed to predict changes in the Canadian business cycle, dipped by 0.1 percent in October. This represents the first decline recorded by the index since January 2016.