CanadaÃ¢â‚¬â„¢s index of leading economic indicators unexpectedly fell in September, the first decline since April 2009, led by housing and manufacturing.
The index dropped 0.1 percent after a revised gain of 0.6 percent in August, Ottawa-based Statistics Canada said today. Economists surveyed by Bloomberg News said the index would rise 0.2 percent, based on the median of eight estimates. The indexÃ¢â‚¬â„¢s average monthly increase over the past decade is 0.3 percent.
New orders for durable-goods manufacturers fell 1.9 percent from the previous month, and the average factory workweek fell by 0.3 percent to 36.6 hours. Statistics CanadaÃ¢â‚¬â„¢s measure of housing starts and existing home sales fell 3.2 percent.
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