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Desjardins Leading Index

The DLI Enters Positive Territory, but Quebec Isn't Quite Ripe for a Rebound

August 1, 2023
Hélène Bégin
Principal Economist

May saw the DLI rise 0.7% after more than a year of declines. While that’s ostensibly encouraging, most economic indicators are still much too weak to expect economic conditions in Quebec to improve anytime soon. Plus, June and July's rate hikes from the Bank of Canada (BoC) mean there's no relief in sight for consumers and businesses, which are already showing signs of stress. Add to that the natural disasters such as forest fires and floods that have been plaguing different parts of the province since spring and that are set to continue to disrupt the economy and people's lives.