Canadian Economic Calendar - June 2019

DateStatisticForCurrent MonthPrevious Month
Monday, June 03, 2019Markit Canada Manufacturing PMI: 9:30 amMayThe IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI), a measure of manufacturing business conditions, fell to its lowest since December 2015 at a seasonally adjusted 49.1 last month from 49.7 in April. A reading below 50 shows contraction in the sector. The IHS Markit in its latest Canada Manufacturing Purchasing Managers' Index (PMI) reported that the business activity in the manufacturing sector contracted in April with the headline PMI dropping below the 50 mark. This reading also fell short of the market expectation of 51.5.
Thursday, June 06, 2019IVEY Purchasing Managers Index: 10:00amMayWestern University’s IVEY School of Business said its purchasing managers’ index rang in at 55.9 in May, identical to April’s reading, but way below the 62.9 figure shown in May 2018. The index moved to 55.9, compared to 54.3 in March, but still way below the 71.5 reading for April 2018
Thursday, June 06, 2019Canadian International Merchandise Trade: 8:30amAprCanada's exports rose 1.3% in April, while imports decreased 1.4%. As a result, Canada's merchandise trade deficit with the world narrowed from $2.3 billion in March to $966 million in AprilCanada's exports rose 3.2% in March, while imports increased 2.5%. As a result, Canada's merchandise trade deficit with the world narrowed from $3.4 billion in February to $3.2 billion in March.
Friday, June 07, 2019Labour Force Survey: 8:30amMayStatistics Canada said the economy added 27,700 net new jobs in May after economists predicted a gain of 8,000 positions from April and a jobless rate of 5.7%. The current unemployment rate at 5.4% was the lowest since comparable data became available in 1976.Employment rose by 107,000 in April, with notable gains in part-time work for youth. The unemployment rate declined by 0.1 percentage points to 5.7% as more people participated in the labour market.
Monday, June 10, 2019Housing Starts: 8:15amMayCanada Mortgage and Housing Corporation's seasonally-adjusted annual rates of housing starts fell to 202,300 units in May 2019 from a downwardly revised 233,400 in April, missing market expectations of 205,000.Canadian seasonally-adjusted housing starts rose to 235,460 units in April of 2019 from a downwardly revised 191,981 units in March and beating market expectations of 196,400 units. The SAAR of urban starts increased by 24% in April to 220,387 units
Monday, June 10, 2019Building Permits: 8:30amAprCanadian municipalities issued a record $9.3 billion worth of building permits in April. The increase in the value of permits was almost entirely due to a planned change in development costs in Metro Vancouver.Canadian municipalities issued $8.1 billion worth of building permits in March, up 2.1% from February. The increase was attributable to higher construction intentions in Western Canada.
Thursday, June 13, 2019New Housing Price Index: 8:30amAprNationally, new house prices in Canada remained unchanged in April for a third consecutive month. New house prices were unchanged at the national level in March for a second consecutive month.
Friday, June 14, 2019CREAstats - MLS Sales: 8:30amMayNational home sales rose 1.9% month-over-month (m-o-m) in May. Actual (not seasonally adjusted) activity was up 6.7% year-over-year (y-o-y).Home sales recorded via Canadian MLS® Systems rose by 3.6% m-o-m in April 2019.
Monday, June 17, 2019Canada's International Transactions in Securities: 8:30amApr---Foreign investors reduced their holdings of Canadian securities by $1.5 billion in March, the first divestment in three months. Meanwhile, Canadian investment in foreign securities totaled $1.5 billion, led by purchases of U.S. corporate bonds
Tuesday, June 18, 2019Monthly Survey of Manufacturing: 8:30amApr---Manufacturing sales increased 2.1% to $58.0 billion in March, following a 0.2% decrease in February and a 0.9% gain in January.
Wednesday, June 19, 2019Consumer Price Index: 8:30amMay---Inflation rose 2.0% on a year-over-year basis in April, following a 1.9% increase in March. On a seasonally adjusted monthly basis, the CPI rose 0.3% in April.
Thursday, June 20, 2019Employment Insurance: 8:30amApr---In March, 436,600 people received regular Employment Insurance benefits, down 4,400 (or 1.0%) from February.
Friday, June 21, 2019Retail Trade: 8:30amApr---Retail sales increased for the second consecutive month, rising 1.1% to $51.3 billion in March. Sales were higher in seven of 11 sub-sectors, representing 39% of retail trade.
Tuesday, June 25, 2019Wholesale Trade: 8:30amApr---Wholesale sales rose for the fourth consecutive month, up 1.4% to $64.1 billion in March.
Thursday, June 27, 2019Average Weekly EarningsApr---Average weekly earnings of non-farm payroll employees were $1,016 in March, up 0.8% from February following four months of little change. Compared with 12 months earlier, earnings grew by 1.9%.
Friday, June 28, 2019Industrial Product Price Index: 8:30amMay---The Industrial Product Price Index rose 0.8% in April, driven mainly by higher prices for energy and petroleum products.
Friday, June 28, 2019Raw Materials Price Index: 8:30amMay---The Raw Materials Price Index increased 5.6%, primarily on the strength of higher crude energy product prices.
Friday, June 28, 2019GDP: 8:30amApr---Real gross domestic product grew 0.1% in the first quarter, the same growth rate as the fourth quarter of 2018.
Wednesday, July 10, 2019BoC Rate AnnouncementJul---The Bank of Canada 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

    Monday, June 03, 2019

    For: May

    Current Month:
    The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI), a measure of manufacturing business conditions, fell to its lowest since December 2015 at a seasonally adjusted 49.1 last month from 49.7 in April. A reading below 50 shows contraction in the sector.

    Previous Month:
    The IHS Markit in its latest Canada Manufacturing Purchasing Managers' Index (PMI) reported that the business activity in the manufacturing sector contracted in April with the headline PMI dropping below the 50 mark. This reading also fell short of the market expectation of 51.5.
  • IVEY Purchasing Managers Index: 10:00am

    Thursday, June 06, 2019

    For: May

    Current Month:
    Western University’s IVEY School of Business said its purchasing managers’ index rang in at 55.9 in May, identical to April’s reading, but way below the 62.9 figure shown in May 2018.

    Previous Month:
    The index moved to 55.9, compared to 54.3 in March, but still way below the 71.5 reading for April 2018
  • Canadian International Merchandise Trade: 8:30am

    Thursday, June 06, 2019

    For: Apr

    Current Month:
    Canada's exports rose 1.3% in April, while imports decreased 1.4%. As a result, Canada's merchandise trade deficit with the world narrowed from $2.3 billion in March to $966 million in April

    Previous Month:
    Canada's exports rose 3.2% in March, while imports increased 2.5%. As a result, Canada's merchandise trade deficit with the world narrowed from $3.4 billion in February to $3.2 billion in March.
  • Labour Force Survey: 8:30am

    Friday, June 07, 2019

    For: May

    Current Month:
    Statistics Canada said the economy added 27,700 net new jobs in May after economists predicted a gain of 8,000 positions from April and a jobless rate of 5.7%. The current unemployment rate at 5.4% was the lowest since comparable data became available in 1976.

    Previous Month:
    Employment rose by 107,000 in April, with notable gains in part-time work for youth. The unemployment rate declined by 0.1 percentage points to 5.7% as more people participated in the labour market.
  • Housing Starts: 8:15am

    Monday, June 10, 2019

    For: May

    Current Month:
    Canada Mortgage and Housing Corporation's seasonally-adjusted annual rates of housing starts fell to 202,300 units in May 2019 from a downwardly revised 233,400 in April, missing market expectations of 205,000.

    Previous Month:
    Canadian seasonally-adjusted housing starts rose to 235,460 units in April of 2019 from a downwardly revised 191,981 units in March and beating market expectations of 196,400 units. The SAAR of urban starts increased by 24% in April to 220,387 units
  • Building Permits: 8:30am

    Monday, June 10, 2019

    For: Apr

    Current Month:
    Canadian municipalities issued a record $9.3 billion worth of building permits in April. The increase in the value of permits was almost entirely due to a planned change in development costs in Metro Vancouver.

    Previous Month:
    Canadian municipalities issued $8.1 billion worth of building permits in March, up 2.1% from February. The increase was attributable to higher construction intentions in Western Canada.
  • New Housing Price Index: 8:30am

    Thursday, June 13, 2019

    For: Apr

    Current Month:
    Nationally, new house prices in Canada remained unchanged in April for a third consecutive month.

    Previous Month:
    New house prices were unchanged at the national level in March for a second consecutive month.
  • CREAstats - MLS Sales: 8:30am

    Friday, June 14, 2019

    For: May

    Current Month:
    National home sales rose 1.9% month-over-month (m-o-m) in May. Actual (not seasonally adjusted) activity was up 6.7% year-over-year (y-o-y).

    Previous Month:
    Home sales recorded via Canadian MLS® Systems rose by 3.6% m-o-m in April 2019.
  • Canada's International Transactions in Securities: 8:30am

    Monday, June 17, 2019

    For: Apr

    Current Month:
    ---

    Previous Month:
    Foreign investors reduced their holdings of Canadian securities by $1.5 billion in March, the first divestment in three months. Meanwhile, Canadian investment in foreign securities totaled $1.5 billion, led by purchases of U.S. corporate bonds
  • Monthly Survey of Manufacturing: 8:30am

    Tuesday, June 18, 2019

    For: Apr

    Current Month:
    ---

    Previous Month:
    Manufacturing sales increased 2.1% to $58.0 billion in March, following a 0.2% decrease in February and a 0.9% gain in January.
  • Consumer Price Index: 8:30am

    Wednesday, June 19, 2019

    For: May

    Current Month:
    ---

    Previous Month:
    Inflation rose 2.0% on a year-over-year basis in April, following a 1.9% increase in March. On a seasonally adjusted monthly basis, the CPI rose 0.3% in April.
  • Employment Insurance: 8:30am

    Thursday, June 20, 2019

    For: Apr

    Current Month:
    ---

    Previous Month:
    In March, 436,600 people received regular Employment Insurance benefits, down 4,400 (or 1.0%) from February.
  • Retail Trade: 8:30am

    Friday, June 21, 2019

    For: Apr

    Current Month:
    ---

    Previous Month:
    Retail sales increased for the second consecutive month, rising 1.1% to $51.3 billion in March. Sales were higher in seven of 11 sub-sectors, representing 39% of retail trade.
  • Wholesale Trade: 8:30am

    Tuesday, June 25, 2019

    For: Apr

    Current Month:
    ---

    Previous Month:
    Wholesale sales rose for the fourth consecutive month, up 1.4% to $64.1 billion in March.
  • Average Weekly Earnings

    Thursday, June 27, 2019

    For: Apr

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $1,016 in March, up 0.8% from February following four months of little change. Compared with 12 months earlier, earnings grew by 1.9%.
  • Industrial Product Price Index: 8:30am

    Friday, June 28, 2019

    For: May

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index rose 0.8% in April, driven mainly by higher prices for energy and petroleum products.
  • Raw Materials Price Index: 8:30am

    Friday, June 28, 2019

    For: May

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index increased 5.6%, primarily on the strength of higher crude energy product prices.
  • GDP: 8:30am

    Friday, June 28, 2019

    For: Apr

    Current Month:
    ---

    Previous Month:
    Real gross domestic product grew 0.1% in the first quarter, the same growth rate as the fourth quarter of 2018.
  • BoC Rate Announcement

    Wednesday, July 10, 2019

    For: Jul

    Current Month:
    ---

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