Forex News Preview: Canada Leading Economic Indicator due at 8:30 AM EDT

The Canada Leading Indicators for the month of April will be released at 8:30 AM EDT.  Last month the index was unchanged as 6 of 10 components rose.  The components that rose included housing, Business services employment, money supply, new orders, furniture and appliance sales and other durable sales.  The declining components include stocks and the US composite which is reflective of sales to the US.  The Average work week was unchanged. 

This month the expectation is for a small 0.1% increase.  The trend has been negative since October 2007 indicating a slowing of the Canadian economy.  Another weak number may reverse some of the recent CAD gains.