Canada’s Leading Indicator Gains Most This Year on Oil Rally
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A key index of early Canadian economic trends posted its largest gain of 2016 as prices for commodities such as crude oil rebounded.
The Macdonald-Laurier Institute’s Leading Indicator advanced 0.4 percent in May, faster than a revised 0.2 percent rise for April and the biggest gain since October. Commodity prices tracked by the Ottawa-based policy research group rose 3 percent, breaking a string of declines that had lasted almost two years.