Canadian Economic Calendar - October 2018

DateStatisticForCurrent MonthPrevious Month
Monday, October 01, 2018Markit Canada Manufacturing PMI: 9:30 amSeptThe IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI), a measure of manufacturing business conditions, fell to a seasonally adjusted 54.8 last month, its weakest since December 2017, from 56.8 in August. A reading above 50 shows growth in the sector. The seasonally-adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index dropped fractionally to 56.8 in August, from 56.9 in July, to signal the weakest overall improvement in business conditions since May. Slower new business growth was the main factor weighing on the headline index in August. Nonetheless, the latest reading remained well above the long-run survey average of 53.0.
Thursday, October 04, 2018IVEY Purchasing Managers Index: 10:00amSeptThe PMI for September registered at 50.4, substantially lower than August's 61.9, indicating that purchases were greater than the previous month. The number also fell short of the 59.6 figure for September 2017The Index (seasonally adjusted) for August stands at 61.9, indicating that purchases were greater than the previous month. The figure compared to 61.8 in July and 56.3 in August 2017
Friday, October 05, 2018Labour Force Survey: 8:30amSeptEmployment rose by 63,000 in September, driven by an increase in part-time employment. The unemployment rate declined 0.1 percentage points to 5.9%.Following two months of increases, employment fell by 52,000 in August. Part-time employment declined by 92,000 while full-time employment edged up. At the same time, the unemployment rate increased 0.2 percentage points to 6.0%
Friday, October 05, 2018Canadian International Merchandise Trade: 8:30amAugCanada's merchandise trade balance with the world was in a surplus position for the first time since December 2016. The $526-million surplus followed a $189-million deficit in July. Imports fell 2.5% and exports were down 1.1%.Canada's merchandise trade deficit with the world narrowed from $743 million in June to $114 million in July, the smallest deficit since the most recent surplus in December 2016. Exports increased 0.8%, while imports declined 0.4%.
Tuesday, October 09, 2018Housing Starts: 8:15amSeptCanada Mortgage and Housing Corporation reported housing starts fell to 188,683 in September from a revised 189.843 in August. The trend in housing starts was 214,598 units in August 2018, compared to 219,656 units in July 2018, according to Canada Mortgage and Housing Corporation
Wednesday, October 10, 2018Building Permits: 8:30amAugCanadian municipalities issued $8.1 billion worth of building permits in August, up 0.4% from July. Canadian municipalities issued $8.2 billion worth of building permits in July, down 0.1% from June. The decrease was mainly attributable to lower construction intentions in British Columbia.
Thursday, October 11, 2018New Housing Price Index: 8:30amAugNew house prices at the national level were unchanged, despite growth in some markets. In August, builders in 18 of the 27 census metropolitan areas (CMAs) surveyed reported flat or decreasing prices. The Canada-level index stood at 103.3 in August and has not risen above that mark since November 2017. Nationally, new home prices were up for a second consecutive month in July. Builders in 15 of the 27 census metropolitan areas (CMAs) surveyed reported higher prices in July, pushing the Canada-level index up 0.1%.
Monday, October 15, 2018CREAstats - MLS Sales: 8:30amSeptThe Canadian Real Estate Association says actual (not seasonally-adjusted) MLS activity dipped 8.9% in September from the same month a year earlier.National home sales edged up by 0.9% in August 2018, marking a fourth consecutive monthly gain. However, sales activity is still running below levels in most other months going back to early 2014.
Tuesday, October 16, 2018Canada's International Transactions in Securities: 8:30amAugForeign investment in Canadian securities slowed to $2.8 billion in August, down from $15.3 billion in July. At the same time, Canadian investors reduced their holdings of foreign securities by $194 million as they acquired bonds but sold equities.Foreign investment in Canadian securities reached $12.7 billion in July, mainly from acquisitions of federal government bonds. At the same time, Canadian investment in foreign securities totaled $13.1 billion, led by record purchases of foreign bonds.
Wednesday, October 17, 2018Monthly Survey of Manufacturing: 8:30amAugManufacturing sales fell 0.4% to $58.6 billion in August, following three consecutive monthly increases. Manufacturing sales increased for the third consecutive month in July, rising 0.9% to $58.6 billion.
Thursday, October 18, 2018Employment Insurance: 8:30amAug---In July, 475,700 people received regular Employment Insurance benefits, an increase of 11,000 or 2.4% from June.
Friday, October 19, 2018Consumer Price Index: 8:30amAug---The Consumer Price Index (CPI) rose 2.8% on a year-over-year basis in August, following a 3.0% increase in July. On a seasonally adjusted monthly basis, the CPI was up 0.1% in August, after increasing 0.5% in July.
Friday, October 19, 2018Retail Trade: 8:30amAug---Retail sales rose 0.3% to $50.9 billion in July on higher sales at food and beverage stores and gasoline stations. Excluding the lower sales at motor vehicle and parts dealers, retail sales increased 0.9%.
Monday, October 22, 2018Wholesale Trade: 8:30amAug---Wholesale sales rose 1.5% to $63.9 billion in July, more than offsetting the 0.9% decline in June. Sales were up in four of seven subsectors, representing approximately 66% of total wholesale sales.
Wednesday, October 24, 2018BoC Rate Announcement: 10:00amOct---The Bank of Canada today maintained its target for the overnight rate at 1.5%. The Bank Rate is correspondingly 1.75% and the deposit rate is 1.25%
Thursday, October 25, 2018Average Weekly EarningsAug---Average weekly earnings of non-farm payroll employees were $997 in July, a decrease of 0.4% from the previous month. Compared with 12 months earlier, earnings increased 3.0%.
Wednesday, October 31, 2018Industrial Product Price Index: 8:30amSept---The Industrial Product Price Index was down 0.5% in August, mainly due to lower prices for primary non-ferrous metal products.
Wednesday, October 31, 2018Raw Materials Price Index: 8:30amSept---The Raw Materials Price Index fell 4.6%, largely reflecting lower prices for crude energy products.
Wednesday, October 31, 2018GDP: 8:30amAug---Real gross domestic product grew 0.2% in July after essentially no change in June.

  • Markit Canada Manufacturing PMI: 9:30 am

    Monday, October 01, 2018

    For: Sept

    Current Month:
    The IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI), a measure of manufacturing business conditions, fell to a seasonally adjusted 54.8 last month, its weakest since December 2017, from 56.8 in August. A reading above 50 shows growth in the sector.

    Previous Month:
    The seasonally-adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index dropped fractionally to 56.8 in August, from 56.9 in July, to signal the weakest overall improvement in business conditions since May. Slower new business growth was the main factor weighing on the headline index in August. Nonetheless, the latest reading remained well above the long-run survey average of 53.0.

  • IVEY Purchasing Managers Index: 10:00am

    Thursday, October 04, 2018

    For: Sept

    Current Month:
    The PMI for September registered at 50.4, substantially lower than August's 61.9, indicating that purchases were greater than the previous month. The number also fell short of the 59.6 figure for September 2017

    Previous Month:
    The Index (seasonally adjusted) for August stands at 61.9, indicating that purchases were greater than the previous month. The figure compared to 61.8 in July and 56.3 in August 2017

  • Labour Force Survey: 8:30am

    Friday, October 05, 2018

    For: Sept

    Current Month:
    Employment rose by 63,000 in September, driven by an increase in part-time employment. The unemployment rate declined 0.1 percentage points to 5.9%.

    Previous Month:
    Following two months of increases, employment fell by 52,000 in August. Part-time employment declined by 92,000 while full-time employment edged up. At the same time, the unemployment rate increased 0.2 percentage points to 6.0%

  • Canadian International Merchandise Trade: 8:30am

    Friday, October 05, 2018

    For: Aug

    Current Month:
    Canada's merchandise trade balance with the world was in a surplus position for the first time since December 2016. The $526-million surplus followed a $189-million deficit in July. Imports fell 2.5% and exports were down 1.1%.

    Previous Month:
    Canada's merchandise trade deficit with the world narrowed from $743 million in June to $114 million in July, the smallest deficit since the most recent surplus in December 2016. Exports increased 0.8%, while imports declined 0.4%.

  • Housing Starts: 8:15am

    Tuesday, October 09, 2018

    For: Sept

    Current Month:
    Canada Mortgage and Housing Corporation reported housing starts fell to 188,683 in September from a revised 189.843 in August.

    Previous Month:
    The trend in housing starts was 214,598 units in August 2018, compared to 219,656 units in July 2018, according to Canada Mortgage and Housing Corporation

  • Building Permits: 8:30am

    Wednesday, October 10, 2018

    For: Aug

    Current Month:
    Canadian municipalities issued $8.1 billion worth of building permits in August, up 0.4% from July.

    Previous Month:
    Canadian municipalities issued $8.2 billion worth of building permits in July, down 0.1% from June. The decrease was mainly attributable to lower construction intentions in British Columbia.

  • New Housing Price Index: 8:30am

    Thursday, October 11, 2018

    For: Aug

    Current Month:
    New house prices at the national level were unchanged, despite growth in some markets. In August, builders in 18 of the 27 census metropolitan areas (CMAs) surveyed reported flat or decreasing prices. The Canada-level index stood at 103.3 in August and has not risen above that mark since November 2017.

    Previous Month:
    Nationally, new home prices were up for a second consecutive month in July. Builders in 15 of the 27 census metropolitan areas (CMAs) surveyed reported higher prices in July, pushing the Canada-level index up 0.1%.

  • CREAstats - MLS Sales: 8:30am

    Monday, October 15, 2018

    For: Sept

    Current Month:
    The Canadian Real Estate Association says actual (not seasonally-adjusted) MLS activity dipped 8.9% in September from the same month a year earlier.

    Previous Month:
    National home sales edged up by 0.9% in August 2018, marking a fourth consecutive monthly gain. However, sales activity is still running below levels in most other months going back to early 2014.

  • Canada's International Transactions in Securities: 8:30am

    Tuesday, October 16, 2018

    For: Aug

    Current Month:
    Foreign investment in Canadian securities slowed to $2.8 billion in August, down from $15.3 billion in July. At the same time, Canadian investors reduced their holdings of foreign securities by $194 million as they acquired bonds but sold equities.

    Previous Month:
    Foreign investment in Canadian securities reached $12.7 billion in July, mainly from acquisitions of federal government bonds. At the same time, Canadian investment in foreign securities totaled $13.1 billion, led by record purchases of foreign bonds.

  • Monthly Survey of Manufacturing: 8:30am

    Wednesday, October 17, 2018

    For: Aug

    Current Month:
    Manufacturing sales fell 0.4% to $58.6 billion in August, following three consecutive monthly increases.

    Previous Month:
    Manufacturing sales increased for the third consecutive month in July, rising 0.9% to $58.6 billion.

  • Employment Insurance: 8:30am

    Thursday, October 18, 2018

    For: Aug

    Current Month:
    ---

    Previous Month:
    In July, 475,700 people received regular Employment Insurance benefits, an increase of 11,000 or 2.4% from June.

  • Consumer Price Index: 8:30am

    Friday, October 19, 2018

    For: Aug

    Current Month:
    ---

    Previous Month:
    The Consumer Price Index (CPI) rose 2.8% on a year-over-year basis in August, following a 3.0% increase in July. On a seasonally adjusted monthly basis, the CPI was up 0.1% in August, after increasing 0.5% in July.

  • Retail Trade: 8:30am

    Friday, October 19, 2018

    For: Aug

    Current Month:
    ---

    Previous Month:
    Retail sales rose 0.3% to $50.9 billion in July on higher sales at food and beverage stores and gasoline stations. Excluding the lower sales at motor vehicle and parts dealers, retail sales increased 0.9%.

  • Wholesale Trade: 8:30am

    Monday, October 22, 2018

    For: Aug

    Current Month:
    ---

    Previous Month:
    Wholesale sales rose 1.5% to $63.9 billion in July, more than offsetting the 0.9% decline in June. Sales were up in four of seven subsectors, representing approximately 66% of total wholesale sales.

  • BoC Rate Announcement: 10:00am

    Wednesday, October 24, 2018

    For: Oct

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today maintained its target for the overnight rate at 1.5%. The Bank Rate is correspondingly 1.75% and the deposit rate is 1.25%

  • Average Weekly Earnings

    Thursday, October 25, 2018

    For: Aug

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $997 in July, a decrease of 0.4% from the previous month. Compared with 12 months earlier, earnings increased 3.0%.

  • Industrial Product Price Index: 8:30am

    Wednesday, October 31, 2018

    For: Sept

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index was down 0.5% in August, mainly due to lower prices for primary non-ferrous metal products.

  • Raw Materials Price Index: 8:30am

    Wednesday, October 31, 2018

    For: Sept

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index fell 4.6%, largely reflecting lower prices for crude energy products.

  • GDP: 8:30am

    Wednesday, October 31, 2018

    For: Aug

    Current Month:
    ---

    Previous Month:
    Real gross domestic product grew 0.2% in July after essentially no change in June.