The economic indicator are used to measure the current growth rate and future direction of the economy, such as housing indicator closely watch either house market is booming or slumping. The Canada is world 12th largest economy. There are 12 leading indicator Canada which are used to measure the performance of Canadian economy.
Employment and Unemployment change – it is key economic indicator. The report is released by Statistics Canada. The report contain information about change in Canadian job market characterized by workers of public, private and self-employed sectors.
GDP Growth – a national agency, Statistics Canada publish the growth rate of Canadian economy on monthly and quarterly basis. The report displays real gross domestic products of overall economy and destroyed by industry. It is an accurate report that predict future direction of Canadian economy and industrial production.
Consumer Price Index – it measures the consumer level of intention regarding the purchase of goods and services at certain price. The report is released by Statistics Canada that measures the inflation at consumer level. This indicator measure the change in consumer price index on monthly and annual basis.
House Price Index – This is another leading indicator Canada. This indicator is developed by Teranet and National Bank of Canada. This signifies average home price in six major metropolitan areas. The report shows change in house price index on monthly and annually basis.
International Merchandise Trade – it measure the change in national exports and imports. There is trade surplus if exports exceeds imports otherwise trade deficit if imports exceeds exports. Exports higher than imports is taken good for economy health.
Purchasing Manager Index – This economic indicator was launched by Royal Bank of Canada in June 2011. It measures the change in new orders, outputs, inventories, employment, supplier delivery time and prices. The report is released on monthly basis.
Ivey Purchasing Manager Index – This indicator is developed by Ivey Business School. It measures the difference in economic activities on monthly basis. The change is measures in five broad categories including employment, purchases, inventories, prices of goods and services and last supplier deliveries. Reading of index above 50 show increase while blow 50 show decrease.
Home Sales – It is another leading indicator Canada. It measure the change in home sales across Canada. The report is released on monthly basis by Canadian Real Estate Association. The report include information of change in newly constructed homes, housing inventory, national sale to new listening ratio and national average price for home sold within the month.
Housing Starts Canada – It measures the residential construction projects of previous month and current month. It is an important indicator to measure the performance of Canadian housing market. The report is released on monthly basis usually on 6th working day of new month by Canada Mortgage and Housing Corporation.
Building Permits – it is very first step in the process of new building projects. The building permits is very useful in assessing the Canadian construction industry. The data is released on monthly basis by Statistics Canada.
Retail Sales – it indicate Canadian consumer spending on different products. The change is measures on monthly and annually basis. The report of retail sales is released by Statistics Canada on monthly basis.