FXstreet.com (Barcelona) - The composite leading indicators were unchanged for the second consecutive month in November, and these were the first months without growth since July 2001, as we can see in the latest report by Statistics Canada.
October's data was downwardly revised from the 0.1% growth initially estimated. Consumer spending grew in November, pushed by furniture and appliance sales. The robust labor market conditions were reflected in the steady consumption growth seen in the month.
The drop in the housing market seems to be moderating, since existing home sales break the downward trend and housing starts stabilized. The stock market fell sharply in November, with metals and energy pushing the decline. On the other hand, money supply rew steadily in the month.