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Canadian Leading Indicators UP for January!

in Economy, Stats Canada

Thanks to the whole housing industry the Canadian Leading Indicators are up 0.5% in January (in December there was a scarysmall 0.2% increase ).

Everything was kind of up in January, except for Manufacturing numbers, which is interesting. The Canadian economy continues to stay RED hot for now. The Housing Index is up 2.8% for January after actually dropping by 0.5% in December. Who are buying all these houses? I keep asking this question, but no one seems to know. Maybe it’s a big Eastern Syndicate (like the guys in the Charlie Brown Christmas, that own Christmas).

Keep going Canadian economy!

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