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E Nuff Sed's  Instablog

I am an ordinary investor seeking to get an handle on the market and the economy. I am a family man, a scientist and have a reasonably well paying job. I am about 10 - 15 years from retirement (I thought it was 5 last year, but this bear market has humbled me), I have consistently out-performed... More
  • Canadian economy turns the corner 0 comments
    Oct 9, 2009 06:19 PM
    Employment is considered a lagging indicator for the economy.  Canada being the largest trading partner of the United States can be considered a "leading indicator" for the US economy.

    The Canadian employment picture turned decisively in September signaling that the recession in the 8th largest economy in the world has ended and the economy has started to expand.

    Click here for Statistics Canada Chart.

    The Canadian economy added 31000 jobs (most of them full time jobs).  This is remarkable as a northern country the economy usually sheds construction jobs in the fall and winter.

    With its northern neighbor now having turned the corner can the giant US economy (10 X the size of Canada) be far behind?
    Themes: Canada economy employment
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