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Commodities main source of strength in Canadian economy

Posted on 05 June 2014

The Conference Board of Canada’s latest barometer of the economy shows Canada’s short-term outlook is becoming ever more dependent on commodities. The newest composite leading index for April rose by 0.4 per cent—twice the pace of March—but shows the trigger for growth was almost exclusively on the commodity export side.
Higher resource prices contributed to an eighth consecutive month of growth in the Toronto stock market, with the Bank of Canada commodity price posting the biggest gain in three years at 2.4 per cent………………………………………..Full Article: Source


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