Canadian Economic Calendar - August 2019

DateStatisticForCurrent MonthPrevious Month
Thursday, August 01, 2019Markit Canada Manufacturing PMI: 9:30 amJulyThe data published by the IHS Markit today revealed that the business activity in the Canadian manufacturing sector expanded modestly in July with the Manufacturing PMI rising to 50.2 following June's reading of 49.2 This data also beat the market expectation of 49.5.At 49.2 in June, the headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) picked up fractionally from May's 41-month low of 49.1.
Friday, August 02, 2019Canadian International Merchandise Trade: 8:30amJuneCanada's exports were down 5.1% in June, while imports fell 4.3%. As a result, Canada's merchandise trade balance remained in a surplus position, settling at $136 million after posting a $556 million surplus in May.Canada's merchandise trade balance with the world was in a surplus position in May for the second time since December 2016. The $762 million surplus in May followed a $1.1 billion deficit in April. Exports rose 4.6% in May, while imports increased 1.0%.
Wednesday, August 07, 2019IVEY Purchasing Managers Index: 10:00amJulyThe PMI registered at 54.2 in July, compared to 52.4 in June, but still well below the 61.8 reading in August 2018The PMI registered in June at 52.4, a drop from May's 55.9, and a sizable decrease from the reading of 63.1
Thursday, August 08, 2019New Housing Price Index: 8:30amJuneNew housing prices were down 0.1% at the national level for the second consecutive month in June. Nationally, new house prices were down 0.1% in May, after remaining unchanged for three consecutive months.
Friday, August 09, 2019Labour Force Survey: 8:30amJulyThe economy lost 24,200 jobs last month and its unemployment rate moved up to 5.7% to give the economy its weakest three-month stretch of job creation since early 2018.Statistics Canada said the economy shed a net 2,200 jobs in June after two months of gains and the unemployment rate edged up to 5.5% as more people joined the workforce. The unemployment rate rose 0.1 percentage points to 5.5% as the number of people looking for work increased
Friday, August 09, 2019Housing Starts: 8:15amJulyThe seasonally adjusted annual rates of housing starts in Canada dropped 9.6% from a month earlier to 222,013 units in July, beating market expectations of 203,500.The seasonally-adjusted annualized rate of housing starts rose to 245,657 units from a revised 196,809 units in May, according to Canada Mortgage and Housing Corporation. Economists had projected starts to rise to 210,000.
Friday, August 09, 2019Building Permits: 8:30amJuneThe value of building permits issued by Canadian municipalities declined 3.7% to $8.0 billion in June, largely due to a decrease in the value of multi-family and institutional permits. Following a record $9.5 billion in April, the value of permits issued by Canadian municipalities declined 13.0% to $8.2 billion in May, largely due to a drop in British Columbia. Excluding B.C., the national value of permits rose 3.2%.
Thursday, August 15, 2019CREAstats - MLS Sales: 8:30amJulyCanadian Real Estate Association said home sales rose 3.5% in July from the previous month, the fifth consecutive month of higher sales. CREA also said actual sales, not seasonally adjusted, rose 12.6% from a year earlier, while the group’s Home Price Index was up 0.2% from July last year.Home sales recorded via Canadian MLS® Systems were little changed in June 2019 following a string of monthly gains recorded in March, April and May. Although running close to its 10-year average and up nearly 10% from the six-year low reached in February 2019, activity remains well below levels recorded over much of 2015, 2016 and 2017.
Friday, August 16, 2019Canada's International Transactions in Securities: 8:30amJuneForeign investors reduced their holdings of Canadian securities by $4.0 billion in June, the third divestment in four months. At the same time, Canadian investment in foreign securities increased to $6.6 billion, the largest investment since October 2018.Foreign investors acquired $10.2 billion of Canadian securities in May, following two months of divestment. At the same time, Canadian investment in foreign securities resumed to reach $4.1 billion, led by purchases of U.S. corporate bonds.
Tuesday, August 20, 2019Monthly Survey of Manufacturing: 8:30amJuneManufacturing sales fell 1.2% to $58.0 billion in June, following a 1.6% increase in May. Manufacturing sales rose 1.6% to $58.9 billion in May, following a 0.4% decline in April.
Wednesday, August 21, 2019Consumer Price Index: 8:30amJulyInflation rose 2.0% on a year-over-year basis in July, matching the increase in June. On a seasonally-adjusted monthly basis, the CPI increased 0.4%.The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in June, following a 2.4% increase in May. On a seasonally adjusted monthly basis, the CPI declined 0.1% in June.
Thursday, August 22, 2019Wholesale Trade: 8:30amJuneWholesale sales rose 0.6% to $64.1 billion in June, partly offsetting the 1.9% decline in May. Wholesale sales were down 1.8% in May to $63.8 billion, following five consecutive monthly increases.
Thursday, August 22, 2019Employment Insurance: 8:30amJuneIn June, 442,600 people received regular Employment Insurance (EI) benefits, a figure virtually unchanged from the previous month.In May, 441,300 people received regular Employment Insurance benefits, similar to the previous month.
Friday, August 23, 2019Retail Trade: 8:30amJuneSales in the retail trade sector were essentially unchanged in June. Stronger sales across most sub-sectors were offset by lower sales at motor vehicle and parts dealers and gasoline stations. Retail sales declined for the first time in four months, edging down 0.1% to $51.5 billion in May. Excluding sales at motor vehicle and parts dealers and gasoline stations, retail sales decreased 1.0%.
Thursday, August 29, 2019Average Weekly EarningsJune---Average weekly earnings of non-farm payroll employees were $1,031 in May, up 1.1% from April. Earnings were up 3.4% compared with 12 months earlier.
Friday, August 30, 2019Industrial Product Price Index: 8:30amJuly---Prices for products manufactured in Canada were down 1.4% in June
Friday, August 30, 2019Raw Materials Price Index: 8:30amJuly---Prices for raw materials purchased by manufacturers operating in Canada decreased 5.9%
Friday, August 30, 2019GDP: 8:30amJune---Real gross domestic product was up for a third consecutive month in May, rising 0.2%.
Thursday, September 05, 2019BoC Rate AnnouncementSept---The Bank of Canada today maintained its target for the overnight rate at 1.75%. The Bank Rate is correspondingly 2% and the deposit rate is 1.5%
  • Markit Canada Manufacturing PMI: 9:30 am

    Thursday, August 01, 2019

    For: July

    Current Month:
    The data published by the IHS Markit today revealed that the business activity in the Canadian manufacturing sector expanded modestly in July with the Manufacturing PMI rising to 50.2 following June's reading of 49.2 This data also beat the market expectation of 49.5.

    Previous Month:
    At 49.2 in June, the headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) picked up fractionally from May's 41-month low of 49.1.
  • Canadian International Merchandise Trade: 8:30am

    Friday, August 02, 2019

    For: June

    Current Month:
    Canada's exports were down 5.1% in June, while imports fell 4.3%. As a result, Canada's merchandise trade balance remained in a surplus position, settling at $136 million after posting a $556 million surplus in May.

    Previous Month:
    Canada's merchandise trade balance with the world was in a surplus position in May for the second time since December 2016. The $762 million surplus in May followed a $1.1 billion deficit in April. Exports rose 4.6% in May, while imports increased 1.0%.
  • IVEY Purchasing Managers Index: 10:00am

    Wednesday, August 07, 2019

    For: July

    Current Month:
    The PMI registered at 54.2 in July, compared to 52.4 in June, but still well below the 61.8 reading in August 2018

    Previous Month:
    The PMI registered in June at 52.4, a drop from May's 55.9, and a sizable decrease from the reading of 63.1
  • New Housing Price Index: 8:30am

    Thursday, August 08, 2019

    For: June

    Current Month:
    New housing prices were down 0.1% at the national level for the second consecutive month in June.

    Previous Month:
    Nationally, new house prices were down 0.1% in May, after remaining unchanged for three consecutive months.
  • Labour Force Survey: 8:30am

    Friday, August 09, 2019

    For: July

    Current Month:
    The economy lost 24,200 jobs last month and its unemployment rate moved up to 5.7% to give the economy its weakest three-month stretch of job creation since early 2018.

    Previous Month:
    Statistics Canada said the economy shed a net 2,200 jobs in June after two months of gains and the unemployment rate edged up to 5.5% as more people joined the workforce. The unemployment rate rose 0.1 percentage points to 5.5% as the number of people looking for work increased
  • Housing Starts: 8:15am

    Friday, August 09, 2019

    For: July

    Current Month:
    The seasonally adjusted annual rates of housing starts in Canada dropped 9.6% from a month earlier to 222,013 units in July, beating market expectations of 203,500.

    Previous Month:
    The seasonally-adjusted annualized rate of housing starts rose to 245,657 units from a revised 196,809 units in May, according to Canada Mortgage and Housing Corporation. Economists had projected starts to rise to 210,000.
  • Building Permits: 8:30am

    Friday, August 09, 2019

    For: June

    Current Month:
    The value of building permits issued by Canadian municipalities declined 3.7% to $8.0 billion in June, largely due to a decrease in the value of multi-family and institutional permits.

    Previous Month:
    Following a record $9.5 billion in April, the value of permits issued by Canadian municipalities declined 13.0% to $8.2 billion in May, largely due to a drop in British Columbia. Excluding B.C., the national value of permits rose 3.2%.
  • CREAstats - MLS Sales: 8:30am

    Thursday, August 15, 2019

    For: July

    Current Month:
    Canadian Real Estate Association said home sales rose 3.5% in July from the previous month, the fifth consecutive month of higher sales. CREA also said actual sales, not seasonally adjusted, rose 12.6% from a year earlier, while the group’s Home Price Index was up 0.2% from July last year.

    Previous Month:
    Home sales recorded via Canadian MLS® Systems were little changed in June 2019 following a string of monthly gains recorded in March, April and May. Although running close to its 10-year average and up nearly 10% from the six-year low reached in February 2019, activity remains well below levels recorded over much of 2015, 2016 and 2017.
  • Canada's International Transactions in Securities: 8:30am

    Friday, August 16, 2019

    For: June

    Current Month:
    Foreign investors reduced their holdings of Canadian securities by $4.0 billion in June, the third divestment in four months. At the same time, Canadian investment in foreign securities increased to $6.6 billion, the largest investment since October 2018.

    Previous Month:
    Foreign investors acquired $10.2 billion of Canadian securities in May, following two months of divestment. At the same time, Canadian investment in foreign securities resumed to reach $4.1 billion, led by purchases of U.S. corporate bonds.
  • Monthly Survey of Manufacturing: 8:30am

    Tuesday, August 20, 2019

    For: June

    Current Month:
    Manufacturing sales fell 1.2% to $58.0 billion in June, following a 1.6% increase in May.

    Previous Month:
    Manufacturing sales rose 1.6% to $58.9 billion in May, following a 0.4% decline in April.
  • Consumer Price Index: 8:30am

    Wednesday, August 21, 2019

    For: July

    Current Month:
    Inflation rose 2.0% on a year-over-year basis in July, matching the increase in June. On a seasonally-adjusted monthly basis, the CPI increased 0.4%.

    Previous Month:
    The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in June, following a 2.4% increase in May. On a seasonally adjusted monthly basis, the CPI declined 0.1% in June.
  • Wholesale Trade: 8:30am

    Thursday, August 22, 2019

    For: June

    Current Month:
    Wholesale sales rose 0.6% to $64.1 billion in June, partly offsetting the 1.9% decline in May.

    Previous Month:
    Wholesale sales were down 1.8% in May to $63.8 billion, following five consecutive monthly increases.
  • Employment Insurance: 8:30am

    Thursday, August 22, 2019

    For: June

    Current Month:
    In June, 442,600 people received regular Employment Insurance (EI) benefits, a figure virtually unchanged from the previous month.

    Previous Month:
    In May, 441,300 people received regular Employment Insurance benefits, similar to the previous month.
  • Retail Trade: 8:30am

    Friday, August 23, 2019

    For: June

    Current Month:
    Sales in the retail trade sector were essentially unchanged in June. Stronger sales across most sub-sectors were offset by lower sales at motor vehicle and parts dealers and gasoline stations.

    Previous Month:
    Retail sales declined for the first time in four months, edging down 0.1% to $51.5 billion in May. Excluding sales at motor vehicle and parts dealers and gasoline stations, retail sales decreased 1.0%.
  • Average Weekly Earnings

    Thursday, August 29, 2019

    For: June

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $1,031 in May, up 1.1% from April. Earnings were up 3.4% compared with 12 months earlier.
  • Industrial Product Price Index: 8:30am

    Friday, August 30, 2019

    For: July

    Current Month:
    ---

    Previous Month:
    Prices for products manufactured in Canada were down 1.4% in June
  • Raw Materials Price Index: 8:30am

    Friday, August 30, 2019

    For: July

    Current Month:
    ---

    Previous Month:
    Prices for raw materials purchased by manufacturers operating in Canada decreased 5.9%
  • GDP: 8:30am

    Friday, August 30, 2019

    For: June

    Current Month:
    ---

    Previous Month:
    Real gross domestic product was up for a third consecutive month in May, rising 0.2%.
  • BoC Rate Announcement

    Thursday, September 05, 2019

    For: Sept

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today maintained its target for the overnight rate at 1.75%. The Bank Rate is correspondingly 2% and the deposit rate is 1.5%