Canadian Economic Calendar - September 2021

DateStatisticForCurrent MonthPrevious Month
Wednesday, September 1, 2021Markit Canada Manufacturing PMI: 9:30 amAugThe index registered 57.2 in August, up from 56.2 in July. The latest reading extended the period of growth to 14 successive months, with the latest expansion the fourth quickest in the near 11-year history of the survey.The index registered 56.2 in July, down fractionally from 56.5 in June, to signal a 13th consecutive expansion in operating conditions.
Thursday, September 2, 2021Building Permits: 8:30amJulyThe total value of building permits in Canada decreased 3.9% to $9.9 billion in July.The total value of building permits rose 6.9% to $10.3 billion in June.
Thursday, September 2, 2021Canadian International Merchandise Trade: 8:30amJulyIn July, Canada's merchandise imports rose 4.2% and exports increased 0.6%. As a result, Canada's merchandise trade surplus narrowed from $2.6 billion in June to $778 million in July.In June, a sharp increase in exports resulted in Canada's merchandise trade balance returning to a surplus position, reaching $3.2 billion. This follows a $1.6 billion deficit in May. Exports of goods rose 8.7% in June, while imports decreased 1.0%.
Wednesday, September 8, 2021IVEY Purchasing Managers Index: 10:00amAugThe index leaped to 66, towering over July’s 56.4, but down from the 67.8 reading in August 2020. The index registered at 56.4 in July, down considerable from June's 71.9, and far off the 68.5 reading in July 2020.
Wednesday, September 8, 2021BoC Interest Rate Decision: 10:00amSeptThe Bank of Canada today held its target for the overnight rate at the effective lower bound of 0.25%, with the Bank Rate at 0.5% and the deposit rate at 0.25%The Bank of Canada is cutting its expectations for economic growth this year as it keeps its key interest rate target on hold at 0.25%.
Friday, September 10, 2021Labour Force Survey: 8:30amAugEmployment rose by 90,000 (+0.5%) in August, the third consecutive monthly increase. The unemployment rate fell 0.4 percentage points to 7.1%.Employment rose by 94,000 (+0.5%) in July, adding to an increase of 231,000 (+1.2%) in June.
Tuesday, September 14, 2021Monthly Survey of Manufacturing: 8:30amJulyManufacturing sales declined 1.5% in July. Decreases in the wood product and in the aerospace product and parts industries were primarily responsible for the overall drop.Manufacturing sales rose 2.1% in June, mostly attributable to improved production at auto assembly plants and higher sales of petroleum and coal products.
Wednesday, September 15, 2021Consumer Price Index: 8:30amAugCPI rose 4.1% on a year-over-year basis in August, up from a 3.7% gain in July. On a seasonally adjusted monthly basis, the CPI rose 0.4% in August.The Consumer Price Index (CPI) rose 3.7% on a year-over-year basis in July, up from a 3.1% gain in June. On a seasonally adjusted monthly basis, the CPI rose 0.5% in July.
Wednesday, September 15, 2021CREAstats - MLS Sales: 8:30amAugNational home sales edged back 0.5% on a month-over-month basis in August.Canada's MLS Home Price Index for sales of existing homes was up 0.6% from month-to-month; 22.2% year-to-year.
Thursday, September 16, 2021Housing Starts: 8:15amAugThe trend in housing starts was 283,971 units in August 2021, down from 286,076 units in July 2021, according to Canada Mortgage and Housing CorporationCanada Mortgage and Housing Corporation reported the trend in housing starts was 286,620 units in July, down from 293,085 units in June
Thursday, September 16, 2021Canada's International Transactions in Securities: 8:30amJulyForeign investors acquired $14.2 billion of Canadian securities in July, led by purchases of government debt securities. At the same time, Canadian investors reduced their holdings of foreign securities by $4.7 billion.Canadian investors acquired a record $28.1 billion in foreign securities in June, largely purchases of U.S. shares. Meanwhile, non-residents added $19.6 billion in Canadian securities to their holdings, mainly in the form of money market instruments.
Thursday, September 16, 2021Wholesale Trade: 8:30amJulyWholesale trade fell for the second consecutive month, down 2.1% in July. This decline was due to a 12.4% decrease in sales of building materials and supplies.Wholesale sales fell 0.8% in June, reflecting sharp declines in the building material and supplies, and machinery, equipment and supplies subsectors. Sales of wholesale goods in the second quarter of 2021 were 2.6% higher than in the first quarter.
Tuesday, September 21, 2021New Housing Price Index: 8:30amAugNationally, prices for new homes rose 0.7% in August, continuing the upward trend that began in May 2020.New home prices in Canada (composite of 27 census metropolitan areas) grew at their slowest pace since December 2020.
Thursday, September 23, 2021Retail Trade: 8:30amJuly---Retail sales were up 4.2% to $56.2 billion in June.
Tuesday, September 28, 2021Payroll Employment, Earnings and Hours: 8:30amJuly---There were 214,800 (+1.3%) more employees receiving pay or benefits from their employer in June, the strongest monthly growth since March.
Wednesday, September 29, 2021Industrial Product Price Index: 8:30amAug---The index fell 0.4% month over month in July, and was up 15.4% year over year.
Wednesday, September 29, 2021Raw Materials Price Index: 8:30amAug---The index was up 2.2% on a monthly basis in July and 37.7% year over year.
Friday, October 1, 2021GDP: 8:30amJuly---Real gross domestic product rose 0.7% in June, offsetting some of the declines in April and May, as 15 of 20 industrial sectors were up.
  • Markit Canada Manufacturing PMI: 9:30 am

    Wednesday, September 1, 2021

    For: Aug

    Current Month:
    The index registered 57.2 in August, up from 56.2 in July. The latest reading extended the period of growth to 14 successive months, with the latest expansion the fourth quickest in the near 11-year history of the survey.

    Previous Month:
    The index registered 56.2 in July, down fractionally from 56.5 in June, to signal a 13th consecutive expansion in operating conditions.
  • Building Permits: 8:30am

    Thursday, September 2, 2021

    For: July

    Current Month:
    The total value of building permits in Canada decreased 3.9% to $9.9 billion in July.

    Previous Month:
    The total value of building permits rose 6.9% to $10.3 billion in June.
  • Canadian International Merchandise Trade: 8:30am

    Thursday, September 2, 2021

    For: July

    Current Month:
    In July, Canada's merchandise imports rose 4.2% and exports increased 0.6%. As a result, Canada's merchandise trade surplus narrowed from $2.6 billion in June to $778 million in July.

    Previous Month:
    In June, a sharp increase in exports resulted in Canada's merchandise trade balance returning to a surplus position, reaching $3.2 billion. This follows a $1.6 billion deficit in May. Exports of goods rose 8.7% in June, while imports decreased 1.0%.
  • IVEY Purchasing Managers Index: 10:00am

    Wednesday, September 8, 2021

    For: Aug

    Current Month:
    The index leaped to 66, towering over July’s 56.4, but down from the 67.8 reading in August 2020.

    Previous Month:
    The index registered at 56.4 in July, down considerable from June's 71.9, and far off the 68.5 reading in July 2020.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, September 8, 2021

    For: Sept

    Current Month:
    The Bank of Canada today held its target for the overnight rate at the effective lower bound of 0.25%, with the Bank Rate at 0.5% and the deposit rate at 0.25%

    Previous Month:
    The Bank of Canada is cutting its expectations for economic growth this year as it keeps its key interest rate target on hold at 0.25%.
  • Labour Force Survey: 8:30am

    Friday, September 10, 2021

    For: Aug

    Current Month:
    Employment rose by 90,000 (+0.5%) in August, the third consecutive monthly increase. The unemployment rate fell 0.4 percentage points to 7.1%.

    Previous Month:
    Employment rose by 94,000 (+0.5%) in July, adding to an increase of 231,000 (+1.2%) in June.
  • Monthly Survey of Manufacturing: 8:30am

    Tuesday, September 14, 2021

    For: July

    Current Month:
    Manufacturing sales declined 1.5% in July. Decreases in the wood product and in the aerospace product and parts industries were primarily responsible for the overall drop.

    Previous Month:
    Manufacturing sales rose 2.1% in June, mostly attributable to improved production at auto assembly plants and higher sales of petroleum and coal products.
  • Consumer Price Index: 8:30am

    Wednesday, September 15, 2021

    For: Aug

    Current Month:
    CPI rose 4.1% on a year-over-year basis in August, up from a 3.7% gain in July. On a seasonally adjusted monthly basis, the CPI rose 0.4% in August.

    Previous Month:
    The Consumer Price Index (CPI) rose 3.7% on a year-over-year basis in July, up from a 3.1% gain in June. On a seasonally adjusted monthly basis, the CPI rose 0.5% in July.
  • CREAstats - MLS Sales: 8:30am

    Wednesday, September 15, 2021

    For: Aug

    Current Month:
    National home sales edged back 0.5% on a month-over-month basis in August.

    Previous Month:
    Canada's MLS Home Price Index for sales of existing homes was up 0.6% from month-to-month; 22.2% year-to-year.
  • Housing Starts: 8:15am

    Thursday, September 16, 2021

    For: Aug

    Current Month:
    The trend in housing starts was 283,971 units in August 2021, down from 286,076 units in July 2021, according to Canada Mortgage and Housing Corporation

    Previous Month:
    Canada Mortgage and Housing Corporation reported the trend in housing starts was 286,620 units in July, down from 293,085 units in June
  • Canada's International Transactions in Securities: 8:30am

    Thursday, September 16, 2021

    For: July

    Current Month:
    Foreign investors acquired $14.2 billion of Canadian securities in July, led by purchases of government debt securities. At the same time, Canadian investors reduced their holdings of foreign securities by $4.7 billion.

    Previous Month:
    Canadian investors acquired a record $28.1 billion in foreign securities in June, largely purchases of U.S. shares. Meanwhile, non-residents added $19.6 billion in Canadian securities to their holdings, mainly in the form of money market instruments.
  • Wholesale Trade: 8:30am

    Thursday, September 16, 2021

    For: July

    Current Month:
    Wholesale trade fell for the second consecutive month, down 2.1% in July. This decline was due to a 12.4% decrease in sales of building materials and supplies.

    Previous Month:
    Wholesale sales fell 0.8% in June, reflecting sharp declines in the building material and supplies, and machinery, equipment and supplies subsectors. Sales of wholesale goods in the second quarter of 2021 were 2.6% higher than in the first quarter.
  • New Housing Price Index: 8:30am

    Tuesday, September 21, 2021

    For: Aug

    Current Month:
    Nationally, prices for new homes rose 0.7% in August, continuing the upward trend that began in May 2020.

    Previous Month:
    New home prices in Canada (composite of 27 census metropolitan areas) grew at their slowest pace since December 2020.
  • Retail Trade: 8:30am

    Thursday, September 23, 2021

    For: July

    Current Month:
    ---

    Previous Month:
    Retail sales were up 4.2% to $56.2 billion in June.
  • Payroll Employment, Earnings and Hours: 8:30am

    Tuesday, September 28, 2021

    For: July

    Current Month:
    ---

    Previous Month:
    There were 214,800 (+1.3%) more employees receiving pay or benefits from their employer in June, the strongest monthly growth since March.
  • Industrial Product Price Index: 8:30am

    Wednesday, September 29, 2021

    For: Aug

    Current Month:
    ---

    Previous Month:
    The index fell 0.4% month over month in July, and was up 15.4% year over year.
  • Raw Materials Price Index: 8:30am

    Wednesday, September 29, 2021

    For: Aug

    Current Month:
    ---

    Previous Month:
    The index was up 2.2% on a monthly basis in July and 37.7% year over year.
  • GDP: 8:30am

    Friday, October 1, 2021

    For: July

    Current Month:
    ---

    Previous Month:
    Real gross domestic product rose 0.7% in June, offsetting some of the declines in April and May, as 15 of 20 industrial sectors were up.