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Canadian Economic Calendar - June 2024

DateStatisticForCurrent MonthPrevious Month
Monday, June 3, 2024Markit Canada Manufacturing PMI 9:30 a.m. MayManufacturing PMI in Canada decreased to 49.30 points in May from 49.40 points in April.The index registered 49.4 in April, compared to 49.8 in March.
Wednesday, June 5, 2024BoC Interest Rate Decision: 10:00amJuneThe Bank of Canada today reduced its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the deposit rate at 4.75%. The Bank is continuing its policy of balance sheet normalization.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.
Thursday, June 6, 2024IVEY Purchasing Managers Index: 10:00amMayThe seasonally adjusted index fell to 52.0 from 63.0 in April, posting its lowest level since July. A reading above 50 indicates an increase in activity.The index hiked to 63 in April, well above the March reading of 57.5 and towering over the 56.8 figure for April 2023.
Thursday, June 6, 2024Canadian International Merchandise Trade: 8:30amAprIn April, Canada's merchandise exports increased 2.6%, while imports rose 1.1%. As a result, Canada's merchandise trade deficit with the world narrowed from $2.0 billion in March to $1.0 billion in April.In March, Canada's merchandise exports declined 5.3%, while imports were down 1.2%. As a result, Canada's merchandise trade balance with the world went from a surplus of $476 million in February to a deficit of $2.3 billion in March. This represents the largest trade deficit since June 2023.
Friday, June 7, 2024Labour Force Survey: 8:30amMayEmployment was little changed in May (+27,000; +0.1%), and the unemployment rate moved up to 6.2% from 6.1%. Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly declines.
Tuesday, June 11, 2024Building Permits: 8:30amAprThe total monthly value of building permits in Canada significantly increased 20.5% to $12.8 billion in April.The total monthly value of building permits in Canada decreased 11.7% to $10.5 billion in March.
Friday, June 14, 2024Wholesale Trade: 8:30amAprWholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) grew 2.4% to $83.3 billion in April.Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain) fell 1.1% to $81.4 billion in March.
Friday, June 14, 2024New Motor Vehicle Sales: 7:30amAprMotor vehicles sales totaled 175,100 in April, compared to 171,600 the month before. Statistics Canada says new motor vehicle sales totaled 172,100, compared to the prior-year-month figure of 136,620.
Friday, June 14, 2024Monthly Survey of Manufacturing: 8:30amAprManufacturing sales increased 1.1% in April, mainly due to higher sales of transportation equipment as well as primary metals. Production of aerospace products and parts declined the most.Manufacturing sales declined 2.1% in March, mainly driven by lower sales of petroleum and coal products as well as motor vehicles. Sales of machinery posted the largest increase.
Monday, June 17, 2024Housing Starts: 8:15amMayHousing starts zoomed to 264,500 in May, compared to 241,100 in the prior-year quarter.Housing starts totaled 240,200 in April, compared to 242,300 in the prior-year quarter.
Monday, June 17, 2024Canada's International Transactions in Securities: 8:30amAprForeign investors acquired $41.2 billion of Canadian securities in April, the largest investment in two years. At the same time, Canadian investment in foreign securities slowed sharply to $2.5 million, from a record investment of $35.6 billion in March.Canadian investors acquired an unprecedented $35.6 billion of foreign securities in March, ending the first quarter with a record investment of $51.5 billion. Meanwhile, foreign investors increased their exposure to Canadian securities by $14.4 billion in March after divesting $4.3 billion in February.
Monday, June 17, 2024CREAstats - MLS Sales: 8:30amMayNational home sales edged back 0.6% month-over-month in May. Actual (not seasonally adjusted) monthly activity came in 5.9% below May 2023.National home sales declined 1.7% month-over-month in April. Actual (not seasonally adjusted) monthly activity came in 10.1% above April 2023.
Friday, June 21, 2024Retail Trade: 8:30amAprRetail sales increased 0.7% to $66.8 billion in April.Retail sales decreased 0.2% to $66.4 billion in March.
Friday, June 21, 2024New Housing Price Index: 8:30amAprHousing prices rose 0.2% in April, exactly the same rate of increase in April 2023. The national index rose by 0.2% monthly in April on the strength of increases in large urban centres such as Edmonton, Calgary, and Vancouver. Overall, prices increased in 5 of the 27 census metropolitan areas (CMAs) surveyed, were unchanged in 15 CMAs and declined in 7.
Friday, June 21, 2024Industrial Product Price Index: 8:30amMayThe Industrial Product Price Index was unchanged month over month in May and rose 1.8% on a yearly basis.The Industrial Product Price Index rose 1.5% month over month in April and increased 1.4% year over year.
Friday, June 21, 2024Raw Materials Price Index: 8:30amMayThe Raw Materials Price Index declined 1.0% month over month in May and increased 7.6% year over year.The Raw Materials Price Index increased 5.5% on a monthly basis in April 2024 and was 3.1% higher compared with April 2023.
Tuesday, June 25, 2024Consumer Price Index: 8:30amMay---The Consumer Price Index (CPI) rose 2.7% on a year-over-year basis in April, down from a 2.9% gain in March. On a seasonally adjusted monthly basis, the CPI rose 0.2% in April.
Thursday, June 27, 2024Payroll Employment, Earnings and Hours: 8:30amApr---The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—increased by 51,400 (+0.3%) in March following an increase of 14,600 (+0.1%) in February. On a year-over-year basis, payroll employment was up by 232,100 (+1.3%) in March.
Friday, June 28, 2024GDP: 8:30amApr---Real gross domestic product was essentially unchanged as both goods-producing and services-producing industries showed little movement in March.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Monday, June 3, 2024

    For: May

    Current Month:
    Manufacturing PMI in Canada decreased to 49.30 points in May from 49.40 points in April.

    Previous Month:
    The index registered 49.4 in April, compared to 49.8 in March.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, June 5, 2024

    For: June

    Current Month:
    The Bank of Canada today reduced its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the deposit rate at 4.75%. The Bank is continuing its policy of balance sheet normalization.

    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.
  • IVEY Purchasing Managers Index: 10:00am

    Thursday, June 6, 2024

    For: May

    Current Month:
    The seasonally adjusted index fell to 52.0 from 63.0 in April, posting its lowest level since July. A reading above 50 indicates an increase in activity.

    Previous Month:
    The index hiked to 63 in April, well above the March reading of 57.5 and towering over the 56.8 figure for April 2023.
  • Canadian International Merchandise Trade: 8:30am

    Thursday, June 6, 2024

    For: Apr

    Current Month:
    In April, Canada's merchandise exports increased 2.6%, while imports rose 1.1%. As a result, Canada's merchandise trade deficit with the world narrowed from $2.0 billion in March to $1.0 billion in April.

    Previous Month:
    In March, Canada's merchandise exports declined 5.3%, while imports were down 1.2%. As a result, Canada's merchandise trade balance with the world went from a surplus of $476 million in February to a deficit of $2.3 billion in March. This represents the largest trade deficit since June 2023.
  • Labour Force Survey: 8:30am

    Friday, June 7, 2024

    For: May

    Current Month:
    Employment was little changed in May (+27,000; +0.1%), and the unemployment rate moved up to 6.2% from 6.1%.

    Previous Month:
    Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly declines.
  • Building Permits: 8:30am

    Tuesday, June 11, 2024

    For: Apr

    Current Month:
    The total monthly value of building permits in Canada significantly increased 20.5% to $12.8 billion in April.

    Previous Month:
    The total monthly value of building permits in Canada decreased 11.7% to $10.5 billion in March.
  • Wholesale Trade: 8:30am

    Friday, June 14, 2024

    For: Apr

    Current Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) grew 2.4% to $83.3 billion in April.

    Previous Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain) fell 1.1% to $81.4 billion in March.
  • New Motor Vehicle Sales: 7:30am

    Friday, June 14, 2024

    For: Apr

    Current Month:
    Motor vehicles sales totaled 175,100 in April, compared to 171,600 the month before.

    Previous Month:
    Statistics Canada says new motor vehicle sales totaled 172,100, compared to the prior-year-month figure of 136,620.
  • Monthly Survey of Manufacturing: 8:30am

    Friday, June 14, 2024

    For: Apr

    Current Month:
    Manufacturing sales increased 1.1% in April, mainly due to higher sales of transportation equipment as well as primary metals. Production of aerospace products and parts declined the most.

    Previous Month:
    Manufacturing sales declined 2.1% in March, mainly driven by lower sales of petroleum and coal products as well as motor vehicles. Sales of machinery posted the largest increase.
  • Housing Starts: 8:15am

    Monday, June 17, 2024

    For: May

    Current Month:
    Housing starts zoomed to 264,500 in May, compared to 241,100 in the prior-year quarter.

    Previous Month:
    Housing starts totaled 240,200 in April, compared to 242,300 in the prior-year quarter.
  • Canada's International Transactions in Securities: 8:30am

    Monday, June 17, 2024

    For: Apr

    Current Month:
    Foreign investors acquired $41.2 billion of Canadian securities in April, the largest investment in two years. At the same time, Canadian investment in foreign securities slowed sharply to $2.5 million, from a record investment of $35.6 billion in March.

    Previous Month:
    Canadian investors acquired an unprecedented $35.6 billion of foreign securities in March, ending the first quarter with a record investment of $51.5 billion. Meanwhile, foreign investors increased their exposure to Canadian securities by $14.4 billion in March after divesting $4.3 billion in February.
  • CREAstats - MLS Sales: 8:30am

    Monday, June 17, 2024

    For: May

    Current Month:
    National home sales edged back 0.6% month-over-month in May. Actual (not seasonally adjusted) monthly activity came in 5.9% below May 2023.

    Previous Month:
    National home sales declined 1.7% month-over-month in April. Actual (not seasonally adjusted) monthly activity came in 10.1% above April 2023.
  • Retail Trade: 8:30am

    Friday, June 21, 2024

    For: Apr

    Current Month:
    Retail sales increased 0.7% to $66.8 billion in April.

    Previous Month:
    Retail sales decreased 0.2% to $66.4 billion in March.
  • New Housing Price Index: 8:30am

    Friday, June 21, 2024

    For: Apr

    Current Month:
    Housing prices rose 0.2% in April, exactly the same rate of increase in April 2023.

    Previous Month:
    The national index rose by 0.2% monthly in April on the strength of increases in large urban centres such as Edmonton, Calgary, and Vancouver. Overall, prices increased in 5 of the 27 census metropolitan areas (CMAs) surveyed, were unchanged in 15 CMAs and declined in 7.
  • Industrial Product Price Index: 8:30am

    Friday, June 21, 2024

    For: May

    Current Month:
    The Industrial Product Price Index was unchanged month over month in May and rose 1.8% on a yearly basis.

    Previous Month:
    The Industrial Product Price Index rose 1.5% month over month in April and increased 1.4% year over year.
  • Raw Materials Price Index: 8:30am

    Friday, June 21, 2024

    For: May

    Current Month:
    The Raw Materials Price Index declined 1.0% month over month in May and increased 7.6% year over year.

    Previous Month:
    The Raw Materials Price Index increased 5.5% on a monthly basis in April 2024 and was 3.1% higher compared with April 2023.
  • Consumer Price Index: 8:30am

    Tuesday, June 25, 2024

    For: May

    Current Month:
    ---

    Previous Month:
    The Consumer Price Index (CPI) rose 2.7% on a year-over-year basis in April, down from a 2.9% gain in March. On a seasonally adjusted monthly basis, the CPI rose 0.2% in April.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, June 27, 2024

    For: Apr

    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—increased by 51,400 (+0.3%) in March following an increase of 14,600 (+0.1%) in February. On a year-over-year basis, payroll employment was up by 232,100 (+1.3%) in March.
  • GDP: 8:30am

    Friday, June 28, 2024

    For: Apr

    Current Month:
    ---

    Previous Month:
    Real gross domestic product was essentially unchanged as both goods-producing and services-producing industries showed little movement in March.