Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Classified Sites

The Canadian Press - ONLINE EDITION

Short-term indicators, U.S. jobs jump point to stronger Canadian economic growth

OTTAWA - The Conference Board says short-term indicators are pointing to a stronger spring for the Canadian economy.

The Ottawa-based think-tank says its composite leading index rose by 0.4 per cent in March, equal to an upwardly revised leap in February, with the troubled exports sector appearing poised for a major bounce-back due to increased demand in the United States.

The forward looking index comes on the same day as the U.S. reported its economy had created an above-consensus 288,000 jobs in April and that the unemployment rate dipped to 6.3 per cent.

The Bank of Canada has pointed to a U.S. recovery as a key factor to Canada's economic health going forward on the basis that more activity south of the border will pump up demand for Canadian exports of lumber and other building materials, as well as manufactured products.

Conference Board deputy chief economist Pedro Antunes cautions an element of the strong composite index reading is likely due to a one-time spurt following a quiet period in the early winter months due to unusually cold weather conditions.

As well, he says Canada's domestic economy is slowing, with both existing home sales and starts falling in recent months.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.


Make text: Larger | Smaller

Brandon Sun Business Directory
Sudden Surge: Flood of 2014
Opportunity Magazine — The Bakken
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates