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Canadian Economic Calendar - February 2024

DateStatisticForCurrent MonthPrevious Month
Thursday, February 1, 2024Markit Canada Manufacturing PMI 9:30 a.m. JanThe Markit Manufacturing PMI in Canada came in at 48.3 points in January compared to 45.4 in December. The Markit Manufacturing PMI in Canada decreased to 45.4 points in December from 47.7 points in November.
Tuesday, February 6, 2024IVEY Purchasing Managers Index: 10:00amJanThe index nosed up to 56.5 in January from 56.3 in December, but fell sharply from January 2023'2 reading of 60.1. The seasonally adjusted index rose to 56.3 in December 2023, after a jump of 54.7 in November, and 49.3 in December 2022.
Tuesday, February 6, 2024Building Permits: 8:30amDecThe total monthly value of building permits in Canada decreased 14.0% from November to $9.2 billion in December.The total monthly value of building permits in Canada decreased 3.9% from October to $10.9 billion in November.
Wednesday, February 7, 2024Canadian International Merchandise Trade: 8:30amDecIn December, Canada's merchandise exports decreased 1.9%, while imports edged up 0.2%. As a result, Canada's merchandise trade balance went from a surplus of $1.1 billion in November to a deficit of $312 million in December.In November, Canada's merchandise imports increased 1.9%, while exports were down 0.6%. As a result, Canada's merchandise trade surplus with the world narrowed from $3.2 billion in October to $1.6 billion in November. This represents a fourth consecutive monthly trade surplus.
Friday, February 9, 2024Labour Force Survey: 8:30amJanEmployment increased by 37,000 in January, following three months of little change. The unemployment rate fell 0.1 percentage points to 5.7%, the first decline since December 2022.Employment was virtually unchanged in December, and the unemployment rate held steady at 5.8%.
Thursday, February 15, 2024New Motor Vehicle Sales: 7:30amDecNew motor vehicle sales registered at 128,200, compared to 143,700 in the same month the year before. Car Registrations in Canada decreased to 143,723 Units in November from 151,144 Units in October 2023.
Thursday, February 15, 2024CREAstats - MLS Sales: 8:30amJanHome sales activity recorded over Canadian MLS® Systems rose 3.7% between December 2023 and January 2024, building on the 7.9% month-over-month increase recorded the month prior.Home sales activity recorded over Canadian MLS® Systems rose 8.7% between November and December 2023, putting it on par with some of last year’s relatively stronger months recorded over the spring and summer.
Thursday, February 15, 2024Monthly Survey of Manufacturing: 8:30amDecManufacturing sales fell 0.7% in December, mainly on lower sales of motor vehicles and chemical products.Manufacturing sales rose 1.2% in November.
Thursday, February 15, 2024Housing Starts: 8:15amJanHousing starts totaled 223,600 in January, compared to 249,000 in the same month last year. Housing starts registered 249,300 in December, compared to 212,600 in November.
Friday, February 16, 2024Canada's International Transactions in Securities: 8:30amDecCanadian investors acquired an unprecedented $29.4 billion of foreign securities in December, led by a record investment in foreign shares. Meanwhile, foreign investment in Canadian securities totalled $10.4 billion, mainly in debt instruments.Canadian investors purchased $12.5 billion of foreign securities in November, after divesting $8.2 billion in October. At the same time, foreign investors acquired $11.4 billion of Canadian securities, following three consecutive months of divestment totalling $39.7 billion.
Friday, February 16, 2024Wholesale Trade: 8:30amDecWholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) grew 0.3% to $82.9 billion in December.Wholesale sales grew 0.9% to $82.5 billion in November.
Monday, February 19, 2024Raw Materials Price Index: 8:30amJanThe index increased 1.2% on a monthly basis in January 2024 and decreased 6.4% year over year.The Raw Materials Price Index declined 4.9% on a monthly basis in December 2023 and fell 7.9% year over year.
Monday, February 19, 2024Industrial Product Price Index: 8:30amJanThe index edged down 0.1% month over month in January and was 2.9% lower than in January 2023.The Industrial Product Price Index fell 1.5% month over month in December and was 2.7% lower than December 2022
Tuesday, February 20, 2024Consumer Price Index: 8:30amJanThe Consumer Price Index (CPI) rose 2.9% on a year-over-year basis in January, down from a 3.4% gain in December. On a seasonally adjusted monthly basis, the CPI fell 0.1% in January.The Consumer Price Index (CPI) rose 3.4% on a year-over-year basis in December, following a 3.1% increase in November. On a seasonally adjusted monthly basis, the CPI rose 0.3% in December.
Thursday, February 22, 2024Retail Trade: 8:30amDec---Retail sales decreased 0.2% to $66.6 billion in November.
Thursday, February 22, 2024New Housing Price Index: 8:30amJan---The national index was unchanged month over month in December.
Wednesday, February 28, 2024Payroll Employment, Earnings and Hours: 8:30amDec---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 88,300 (-0.5%) in November, following a decline of 24,000 (-0.1%) in October.
Thursday, February 29, 2024GDP: 8:30amDec---Real gross domestic product grew 0.2% in November, with goods-producing industries increasing 0.6% and services-producing industries edging up 0.1%.
Wednesday, March 6, 2024BoC Interest Rate Decision: 10:00amMar---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.

    Thursday, February 1, 2024

    For: Jan

    Current Month:
    The Markit Manufacturing PMI in Canada came in at 48.3 points in January compared to 45.4 in December.

    Previous Month:
    The Markit Manufacturing PMI in Canada decreased to 45.4 points in December from 47.7 points in November.
  • IVEY Purchasing Managers Index: 10:00am

    Tuesday, February 6, 2024

    For: Jan

    Current Month:
    The index nosed up to 56.5 in January from 56.3 in December, but fell sharply from January 2023'2 reading of 60.1.

    Previous Month:
    The seasonally adjusted index rose to 56.3 in December 2023, after a jump of 54.7 in November, and 49.3 in December 2022.
  • Building Permits: 8:30am

    Tuesday, February 6, 2024

    For: Dec

    Current Month:
    The total monthly value of building permits in Canada decreased 14.0% from November to $9.2 billion in December.

    Previous Month:
    The total monthly value of building permits in Canada decreased 3.9% from October to $10.9 billion in November.
  • Canadian International Merchandise Trade: 8:30am

    Wednesday, February 7, 2024

    For: Dec

    Current Month:
    In December, Canada's merchandise exports decreased 1.9%, while imports edged up 0.2%. As a result, Canada's merchandise trade balance went from a surplus of $1.1 billion in November to a deficit of $312 million in December.

    Previous Month:
    In November, Canada's merchandise imports increased 1.9%, while exports were down 0.6%. As a result, Canada's merchandise trade surplus with the world narrowed from $3.2 billion in October to $1.6 billion in November. This represents a fourth consecutive monthly trade surplus.
  • Labour Force Survey: 8:30am

    Friday, February 9, 2024

    For: Jan

    Current Month:
    Employment increased by 37,000 in January, following three months of little change. The unemployment rate fell 0.1 percentage points to 5.7%, the first decline since December 2022.

    Previous Month:
    Employment was virtually unchanged in December, and the unemployment rate held steady at 5.8%.
  • New Motor Vehicle Sales: 7:30am

    Thursday, February 15, 2024

    For: Dec

    Current Month:
    New motor vehicle sales registered at 128,200, compared to 143,700 in the same month the year before.

    Previous Month:
    Car Registrations in Canada decreased to 143,723 Units in November from 151,144 Units in October 2023.
  • CREAstats - MLS Sales: 8:30am

    Thursday, February 15, 2024

    For: Jan

    Current Month:
    Home sales activity recorded over Canadian MLS® Systems rose 3.7% between December 2023 and January 2024, building on the 7.9% month-over-month increase recorded the month prior.

    Previous Month:
    Home sales activity recorded over Canadian MLS® Systems rose 8.7% between November and December 2023, putting it on par with some of last year’s relatively stronger months recorded over the spring and summer.
  • Monthly Survey of Manufacturing: 8:30am

    Thursday, February 15, 2024

    For: Dec

    Current Month:
    Manufacturing sales fell 0.7% in December, mainly on lower sales of motor vehicles and chemical products.

    Previous Month:
    Manufacturing sales rose 1.2% in November.
  • Housing Starts: 8:15am

    Thursday, February 15, 2024

    For: Jan

    Current Month:
    Housing starts totaled 223,600 in January, compared to 249,000 in the same month last year.

    Previous Month:
    Housing starts registered 249,300 in December, compared to 212,600 in November.
  • Canada's International Transactions in Securities: 8:30am

    Friday, February 16, 2024

    For: Dec

    Current Month:
    Canadian investors acquired an unprecedented $29.4 billion of foreign securities in December, led by a record investment in foreign shares. Meanwhile, foreign investment in Canadian securities totalled $10.4 billion, mainly in debt instruments.

    Previous Month:
    Canadian investors purchased $12.5 billion of foreign securities in November, after divesting $8.2 billion in October. At the same time, foreign investors acquired $11.4 billion of Canadian securities, following three consecutive months of divestment totalling $39.7 billion.
  • Wholesale Trade: 8:30am

    Friday, February 16, 2024

    For: Dec

    Current Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) grew 0.3% to $82.9 billion in December.

    Previous Month:
    Wholesale sales grew 0.9% to $82.5 billion in November.
  • Raw Materials Price Index: 8:30am

    Monday, February 19, 2024

    For: Jan

    Current Month:
    The index increased 1.2% on a monthly basis in January 2024 and decreased 6.4% year over year.

    Previous Month:
    The Raw Materials Price Index declined 4.9% on a monthly basis in December 2023 and fell 7.9% year over year.
  • Industrial Product Price Index: 8:30am

    Monday, February 19, 2024

    For: Jan

    Current Month:
    The index edged down 0.1% month over month in January and was 2.9% lower than in January 2023.

    Previous Month:
    The Industrial Product Price Index fell 1.5% month over month in December and was 2.7% lower than December 2022
  • Consumer Price Index: 8:30am

    Tuesday, February 20, 2024

    For: Jan

    Current Month:
    The Consumer Price Index (CPI) rose 2.9% on a year-over-year basis in January, down from a 3.4% gain in December. On a seasonally adjusted monthly basis, the CPI fell 0.1% in January.

    Previous Month:
    The Consumer Price Index (CPI) rose 3.4% on a year-over-year basis in December, following a 3.1% increase in November. On a seasonally adjusted monthly basis, the CPI rose 0.3% in December.
  • Retail Trade: 8:30am

    Thursday, February 22, 2024

    For: Dec

    Current Month:
    ---

    Previous Month:
    Retail sales decreased 0.2% to $66.6 billion in November.
  • New Housing Price Index: 8:30am

    Thursday, February 22, 2024

    For: Jan

    Current Month:
    ---

    Previous Month:
    The national index was unchanged month over month in December.
  • Payroll Employment, Earnings and Hours: 8:30am

    Wednesday, February 28, 2024

    For: Dec

    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 88,300 (-0.5%) in November, following a decline of 24,000 (-0.1%) in October.
  • GDP: 8:30am

    Thursday, February 29, 2024

    For: Dec

    Current Month:
    ---

    Previous Month:
    Real gross domestic product grew 0.2% in November, with goods-producing industries increasing 0.6% and services-producing industries edging up 0.1%.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, March 6, 2024

    For: Mar

    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.