Canada's Leading Index Rises In July Despite Bad Month For Stocks

(RTTNews) - Canada's composite leading index rose 0.2 percent in July after a 0.1 percent gain in June, helped by steady household and solid jobs creation, official data showed Thursday.
These gains were partly offset by declines in the stock market, which suffered its worst month in two years, according to Statistics Canada.

Furniture and appliance sales rose 1.2 percent, but spending on other durable goods increased only 0.1 percent, as auto sales remained slow. The manufacturing sector showed some improvement as new orders picked up. However, the Toronto stock market trended down by 1.7 percent, its largest monthly decline since 2009.

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