Composite leading index up in June
OTTAWA — Statistics Canada says the composite leading index rose 0.2 per cent in June.
The increase marks follows a 0.8 per cent gain made in May. The agency says four of the 10 index components declined in June, compared with none in May. Most of the reversals occurred in manufacturing, where all three components slipped from gains the month before to declines or no change.
Foreign travel to Canada rises, Canadian travel to U.S. declines
OTTAWA — Statistics Canada says foreign travel to Canada rose 0.7 per cent in May, compared with April. It says Canadian travel abroad also rose, although trips to the U.S. fell. Visits by Americans rose 0.5 per cent to 1.6 million trips in May. Overseas residents took 379,000 trips to Canada in May, up 1.9 per cent from April. Canadians made 774,000 trips overseas in May, up 0.8 per cent from April.
However, Canadian travel south of the border slipped 1.7 per cent, to 4.2 million trips.
Playbook rumours ‘pure fiction’: RIM
TORONTO — BlackBerry maker Research In Motion said Tuesday that it has no plans to halt production on the wireless network version of its PlayBook tablet and has further rollouts planned for Southeast Asia, Western Europe an the Middle East in the coming weeks.
“Rumours suggesting that the Wi-Fi version of the BlackBerry PlayBook is being discontinued are pure fiction,” Research In Motion (TSX:RIM) said in a statement. Shares in RIM were down slightly as the company as the Waterloo, Ont., company denied the rumour, suggested in an analyst’s report and on a technology blog. The stock slipped 17 cents to $25.43 in noon trading on the Toronto Stock Exchange.