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Economic yardsticks move farther apart in March

Published by Steve Coleman on April 20, 2012

Statistics Canada's look at the leading edge of the Canadian economy says the numbers were up in March.

Eight of the 10 measurements that will be used to consider Canada's financial health at a later date were reported to be up 0.4 per cent in March after a 0.7 per cent increase in February. It was the ninth-straight month the yardsticks were at least a little farther apart.

The financial components stayed on the plus side in March, with both the Toronto Stock Exchange and the money supply increasing.

The length of the average work week increased for the sixth-straight month, while services employment resumed a year-long upward climb after levelling out in February. Numbers also say existing home sales and starts on new homes increased during the month.

South of the border, the United States' leading indicator increased for the second-straight month on strong employment numbers and the financial sector.

At home, the manufacturing numbers were mixed. There was a reported gain the ratio of shipments to inventories, but companies had a decline in the number of new orders.

Furniture and appliance sales were down for the seventh-straight month.

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