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Canadian Economic Calendar - May 2024

DateStatisticForCurrent MonthPrevious Month
Wednesday, May 1, 2024Markit Canada Manufacturing PMI 9:30 a.m. AprThe index registered 49.4 in April, compared to 49.8 in March. The PMI rose to 49.8 in March from 49.7 in February.
Thursday, May 2, 2024Canadian International Merchandise Trade: 8:30amMarIn March, Canada's merchandise exports declined 5.3%, while imports were down 1.2%. As a result, Canada's merchandise trade balance with the world went from a surplus of $476 million in February to a deficit of $2.3 billion in March. This represents the largest trade deficit since June 2023.Exports increased 5.8%, while imports rose 4.6%. As a result, Canada's merchandise trade surplus with the world widened from $608 million in January to $1.4 billion in February.
Tuesday, May 7, 2024IVEY Purchasing Managers Index: 10:00amApr---The index jumped to 57.5 in March from 53.9 in February, but was a down from March 2023's reading of 58.2.
Friday, May 10, 2024Labour Force Survey: 8:30amApr---Employment was little changed in March (-2,200; -0.0%). The unemployment rate rose 0.3 percentage points to 6.1% in March
Monday, May 13, 2024Building Permits: 8:30amMar---The total monthly value of building permits in Canada increased 9.3% from January to $11.8 billion in February.
Tuesday, May 14, 2024Wholesale Trade: 8:30amMar---Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) were essentially unchanged (+0.0%), at $82.2 billion in February.
Wednesday, May 15, 2024CREAstats - MLS Sales: 8:30amApr---National home sales edged up 0.5% month-over-month in March. Actual (not seasonally adjusted) monthly activity came in 1.7% above March 2023.
Wednesday, May 15, 2024Monthly Survey of Manufacturing: 8:30amMar---Manufacturing sales increased 0.7% in February, led by the petroleum and coal product subsector as well as the electrical equipment, appliance and component subsector.
Wednesday, May 15, 2024Housing Starts: 8:15amMar---Housing starts totaled 242,200 in March, compared to 260,000 in the prior-year month.
Friday, May 17, 2024Canada's International Transactions in Securities: 8:30amMar---Canadian investors acquired $24.2 billion of foreign securities in February, led by an all-time high investment in foreign bonds. Meanwhile, foreign investors reduced their exposure to Canadian securities by $8.8 billion, led by a record divestment in government short-term debt securities.
Friday, May 17, 2024New Housing Price Index: 8:30amMar---The index was flat on a monthly basis during March, compared to a gain of 0.1% the month before. The index sank 0.4% last month on an annual basis, identical to March last year.
Friday, May 17, 2024New Motor Vehicle Sales: 7:30amMar---Statistics Canada said motor vehicle sales zoomed to 137,690 in March, from 116,870 in the prior-year month.
Tuesday, May 21, 2024Consumer Price Index: 8:30amApr---The Consumer Price Index (CPI) rose 2.9% on a year-over-year basis in March, up from a 2.8% gain in February. On a seasonally adjusted monthly basis, the CPI rose 0.3% in March.
Friday, May 24, 2024Retail Trade: 8:30amApr---Retail sales decreased 0.1% to $66.7 billion in February
Tuesday, May 28, 2024Raw Materials Price Index: 8:30amApr---The Raw Materials Price Index rose 4.7% from February to March and was up 0.8% year over year in March.
Tuesday, May 28, 2024Industrial Product Price Index: 8:30amApr---The Industrial Product Price Index increased 0.8% month over month in March and fell 0.5% on a yearly basis
Thursday, May 30, 2024Payroll Employment, Earnings and Hours: 8:30amMar---The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—decreased by 17,700 (-0.1%) in February, following an increase of 35,700 (+0.2%) in January. On a year-over-year basis, payroll employment was up by 154,700 (+0.9%) in February.
Friday, May 31, 2024GDP: 8:30amMar---Real gross domestic product grew for the second consecutive month, increasing 0.2% in February.
Wednesday, June 5, 2024BoC Interest Rate Decision: 10:00amJune---The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Wednesday, May 1, 2024

    For: Apr

    Current Month:
    The index registered 49.4 in April, compared to 49.8 in March.

    Previous Month:
    The PMI rose to 49.8 in March from 49.7 in February.
  • Canadian International Merchandise Trade: 8:30am

    Thursday, May 2, 2024

    For: Mar

    Current Month:
    In March, Canada's merchandise exports declined 5.3%, while imports were down 1.2%. As a result, Canada's merchandise trade balance with the world went from a surplus of $476 million in February to a deficit of $2.3 billion in March. This represents the largest trade deficit since June 2023.

    Previous Month:
    Exports increased 5.8%, while imports rose 4.6%. As a result, Canada's merchandise trade surplus with the world widened from $608 million in January to $1.4 billion in February.
  • IVEY Purchasing Managers Index: 10:00am

    Tuesday, May 7, 2024

    For: Apr

    Current Month:
    ---

    Previous Month:
    The index jumped to 57.5 in March from 53.9 in February, but was a down from March 2023's reading of 58.2.
  • Labour Force Survey: 8:30am

    Friday, May 10, 2024

    For: Apr

    Current Month:
    ---

    Previous Month:
    Employment was little changed in March (-2,200; -0.0%). The unemployment rate rose 0.3 percentage points to 6.1% in March
  • Building Permits: 8:30am

    Monday, May 13, 2024

    For: Mar

    Current Month:
    ---

    Previous Month:
    The total monthly value of building permits in Canada increased 9.3% from January to $11.8 billion in February.
  • Wholesale Trade: 8:30am

    Tuesday, May 14, 2024

    For: Mar

    Current Month:
    ---

    Previous Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) were essentially unchanged (+0.0%), at $82.2 billion in February.
  • CREAstats - MLS Sales: 8:30am

    Wednesday, May 15, 2024

    For: Apr

    Current Month:
    ---

    Previous Month:
    National home sales edged up 0.5% month-over-month in March. Actual (not seasonally adjusted) monthly activity came in 1.7% above March 2023.
  • Monthly Survey of Manufacturing: 8:30am

    Wednesday, May 15, 2024

    For: Mar

    Current Month:
    ---

    Previous Month:
    Manufacturing sales increased 0.7% in February, led by the petroleum and coal product subsector as well as the electrical equipment, appliance and component subsector.
  • Housing Starts: 8:15am

    Wednesday, May 15, 2024

    For: Mar

    Current Month:
    ---

    Previous Month:
    Housing starts totaled 242,200 in March, compared to 260,000 in the prior-year month.
  • Canada's International Transactions in Securities: 8:30am

    Friday, May 17, 2024

    For: Mar

    Current Month:
    ---

    Previous Month:
    Canadian investors acquired $24.2 billion of foreign securities in February, led by an all-time high investment in foreign bonds. Meanwhile, foreign investors reduced their exposure to Canadian securities by $8.8 billion, led by a record divestment in government short-term debt securities.
  • New Housing Price Index: 8:30am

    Friday, May 17, 2024

    For: Mar

    Current Month:
    ---

    Previous Month:
    The index was flat on a monthly basis during March, compared to a gain of 0.1% the month before. The index sank 0.4% last month on an annual basis, identical to March last year.
  • New Motor Vehicle Sales: 7:30am

    Friday, May 17, 2024

    For: Mar

    Current Month:
    ---

    Previous Month:
    Statistics Canada said motor vehicle sales zoomed to 137,690 in March, from 116,870 in the prior-year month.
  • Consumer Price Index: 8:30am

    Tuesday, May 21, 2024

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Consumer Price Index (CPI) rose 2.9% on a year-over-year basis in March, up from a 2.8% gain in February. On a seasonally adjusted monthly basis, the CPI rose 0.3% in March.
  • Retail Trade: 8:30am

    Friday, May 24, 2024

    For: Apr

    Current Month:
    ---

    Previous Month:
    Retail sales decreased 0.1% to $66.7 billion in February
  • Raw Materials Price Index: 8:30am

    Tuesday, May 28, 2024

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index rose 4.7% from February to March and was up 0.8% year over year in March.
  • Industrial Product Price Index: 8:30am

    Tuesday, May 28, 2024

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index increased 0.8% month over month in March and fell 0.5% on a yearly basis
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, May 30, 2024

    For: Mar

    Current Month:
    ---

    Previous Month:
    The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—decreased by 17,700 (-0.1%) in February, following an increase of 35,700 (+0.2%) in January. On a year-over-year basis, payroll employment was up by 154,700 (+0.9%) in February.
  • GDP: 8:30am

    Friday, May 31, 2024

    For: Mar

    Current Month:
    ---

    Previous Month:
    Real gross domestic product grew for the second consecutive month, increasing 0.2% in February.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, June 5, 2024

    For: June

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.