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U.S. Industrial Production
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EFTA01371105.pdf
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tive and we have found a strong correlation with industrial production. Since 2005. U.S. econ-sensitive carloads have shown an 82% correlation with U.S. Industrial Production while Canadian econ-sensitive carloads have exhibited a 71% correlation with Canadian Industrial Production. Figure 57: YoY change in U.S. aeon. se
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