Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for Canada
CANLORSGPRTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.62
Year-over-Year Change
-0.57%
Date Range
2/1/1961 - 11/1/2023
Summary
The Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for Canada measures the relationship between Canada's leading economic indicators and its GDP trend. This data provides insights into the country's future economic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the ratio of Canada's composite leading indicators to the trend of its gross domestic product. Economists use this ratio to anticipate changes in the Canadian business cycle and assess the strength of the country's economic recovery.
Methodology
The data is calculated by the Organisation for Economic Co-operation and Development (OECD) based on a basket of leading economic indicators for Canada.
Historical Context
Policymakers and analysts closely monitor this ratio to inform decisions around monetary and fiscal policy.
Key Facts
- The ratio reflects the relationship between leading indicators and GDP trend.
- A ratio above 1 suggests the economy is expanding beyond its trend.
- A ratio below 1 indicates the economy is contracting relative to its trend.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of Canada's composite leading economic indicators to the trend of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This ratio provides insights into the future direction of the Canadian economy, helping policymakers and investors anticipate changes in the business cycle.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on a basket of leading economic indicators for Canada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this ratio to inform decisions around monetary and fiscal policy in Canada.
Q: Are there update delays or limitations?
A: The data is subject to potential revisions and may have publication delays typical of economic indicators.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for Canada (CANLORSGPRTSTSAM), retrieved from FRED.