* Index rises 0.1 pct in November vs 0.2 pct gain in Oct
* Housing, manufacturing main areas of weakness
OTTAWA Jan 7 The composite leading indicator
for Canada rose 0.1 percent in November, slowing down from
October on a housing market downturn and weak manufacturing as
the economy hits a soft patch.
The index rose 0.2 percent in October and was up every month
in 2012 except July, said a report on Monday by the
Macdonald-Laurier Institute. The think tank developed the
modified indicator last year to replace the one discontinued by
the country's official statistics agency.
"The marginal gains in the leading indicator augur slow
economic growth into early 2013, although the manufacturing
sector turned down as uncertainty grew about the global
economy," the institute said in a release.
The housing index fell 3.3 percent in November, the fifth
consecutive decline as housing starts and existing home sales
In manufacturing, new orders fell 0.7 percent and the
average workweek shrank by 0.3 percent.
Employment insurance claims rose for the first time in eight
months in spite of strong employment data in the fourth quarter.
The stock market and commodity prices were the main areas of
strength offsetting the weakness elsewhere.