FXstreet.com (Barcelona) - Canadian leading indicator has ticked up in April with 7 out of its ten components posting gains, according to the latest report by Statistics Canada.

The composite leading indicator has edged up 0.1% in April, following a flat performance in March. Toronto Stock market prices posted the largest turnaround after five consecutive declines, fuelled by commodity prices and a strong technology sector.

Spending on durable goods has been able to sustain household demand, offsetting the decline on housing starts.