UPDATE 1-Canada April leading indicator up 0.9 pct on month

* Housing, stock market boost index

* Indicator posts 11th straight gain
(Adds details)

OTTAWA, May 20 (BestGrowthStock) – Canada’s composite leading
indicator rose by 0.9 percent in April from March, recording
its 11th straight gain on a strong housing sector and rising
stock markets, Statistics Canada said on Thursday.

The increase was greater than the 0.8 percent gain
predicted by market operators.

Eight of the index’s 10 components advanced in April, the
same as in March, when the index climbed 1.2 percent — revised
from 1.0 percent previously.

The housing index rose by 0.8 percent as higher housing
starts outweighed lower house sales. Existing home sales
softened early in 2010 after reaching record highs late last
year.

The hard-hit manufacturing sector, struggling to deal with
the high Canadian dollar and weak U.S. markets, continued to
recover. New orders rose by 0.2 percent, the third consecutive
monthly increase.
Stock Investing

(Reporting by David Ljunggren; Editing by James Dalgleish)

UPDATE 1-Canada April leading indicator up 0.9 pct on month