Canadian Economic Calendar - January 2021

DateStatisticForCurrent MonthPrevious Month
Monday, January 4, 2021Markit Canada Manufacturing PMI: 9:30 amDecThe Index registered 57.9 in December, up from 55.8 in November, signaling the strongest overall improvement in business conditions since the survey began in October 2010. The index registered 55.8 in November, up slightly from 55.5 in October, signaling another robust expansion in business conditions.
Tuesday, January 5, 2021Raw Materials Price Index: 8:30amNovThe Raw Materials Price Index increased 0.6%, mostly because of higher prices for crude energy products and crop products.The Raw Materials Price Index increased 0.5%, mostly due to higher prices for animals and animal products and crop products.
Tuesday, January 5, 2021Industrial Product Price Index: 8:30amNovThe Industrial Product Price Index fell 0.6% in November, driven mainly by lower prices for lumber and other wood products.The Industrial Product Price Index fell 0.4% in October, driven mainly by lower prices for lumber and other wood products.
Thursday, January 7, 2021IVEY Purchasing Managers Index: 10:00amDecThe index dropped to 46.7 from November's 52.7, and down from the 51.9 figure in December 2019. The index moved higher by 52.7, down from October's 54.5, and way down from the 60 figure in November 2019.
Thursday, January 7, 2021Canadian International Merchandise Trade: 8:30amNovIn November, Canada's merchandise exports increased 0.5%, while imports edged down 0.3%. As a result, Canada's merchandise trade deficit with the world narrowed from $3.7 billion in October to $3.3 billion in November.In October, Canada's merchandise exports increased 2.2% and imports rose by 1.9%. As a result, Canada's merchandise trade deficit with the world was virtually unchanged at $3.8 billion in October.
Friday, January 8, 2021Labour Force Survey: 8:30amDecEmployment fell by 63,000 (-0.3%) in December—the first decline since April. The unemployment rate was 8.6%, little changed from 8.5% in November.Employment rose by 62,000 (+0.3%) in November, following an increase of 84,000 (+0.5%) in October. The unemployment rate was 8.5% in November, down 0.4 percentage points from a month earlier.
Friday, January 15, 2021CREAstats - MLS Sales: 8:30amDecNational home sales rose 7.2% on a month-over-month (m-o-m) basis in December.Home sales recorded over Canadian MLS® Systems edged back by 1.6% between October and November. Small declines in October and November notwithstanding, monthly activity is still running well above most of history.
Monday, January 18, 2021Canada's International Transactions in Securities: 8:30amNovForeign investors acquired $11.8 billion of Canadian securities in November, largely purchases of federal government debt securities. At the same time, Canadian investors increased their holdings of foreign securities by $7.6 billion, led by acquisitions of U.S. shares.Non-residents added $6.9 billion of Canadian securities to their portfolios in October, with the bulk of the investment in government bonds. Meanwhile, Canadian investors acquired $8.0 billion of foreign securities, largely foreign government bonds.
Monday, January 18, 2021Housing Starts: 8:15amDecThe trend in housing starts was 239,052 units in December 2020, up from 236,334 units in November 2020. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.Canada Mortgage and Housing Corporation reported the trend in housing starts was 231,491 units in November, up from 222,989 units in October. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
Tuesday, January 19, 2021Wholesale Trade: 8:30amNovWholesale sales grew for the seventh consecutive month in November—up 0.7% to an all-time high of $67.4 billion.The sale of wholesale products rose 1.0% in October to $66.7 billion. It was the sixth consecutive increase for the sector.
Tuesday, January 19, 2021Monthly Survey of Manufacturing: 8:30amNovManufacturing sales decreased for the first time in three months, declining 0.6% to $53.7 billion in NovemberManufacturing sales rose 0.3% to $54.1 billion in October on higher sales of non-durable products. Nevertheless, sales in the manufacturing sector were 3.0% below their pre-pandemic levels in February.
Wednesday, January 20, 2021BoC Interest Rate Decision: 10:00amDecThe 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 today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at 0.5% and the deposit rate at 0.25%
Wednesday, January 20, 2021Consumer Price Index: 8:30amDecThe Consumer Price Index (CPI) rose 0.7% on a year-over-year basis in December, down from a 1.0% increase in November. On a seasonally adjusted monthly basis, the CPI rose 0.1% in December.Inflation rose 1.0% on a year-over-year basis in November, up from a 0.7% increase in October. On a seasonally adjusted monthly basis, the CPI rose 0.3% in November, matching the increase in October.
Thursday, January 21, 2021New Housing Price Index: 8:30amDecThe growth in new home prices slowed for the third consecutive month, rising 0.3% in December compared with November.New home buyers saw prices rise 0.6% in November at the national level, with prices up in 21 of the 27 census metropolitan areas surveyed.
Friday, January 22, 2021Retail Trade: 8:30amNovRetail sales rose 1.3% to $55.2 billion in November.Retail sales edged up 0.4% to $54.6 billion in October, marking the sixth consecutive monthly increase since the record decline in April.
Thursday, January 28, 2021Building Permits: 8:30amDec---The total value of building permits rose 12.9% to $9.4 billion in November, the third highest value on record—with the highest value having been reached in April 2019.
Thursday, January 28, 2021Payroll Employment, Earnings and Hours: 8:30amNov---The number of employees receiving pay or benefits from their employer—measured in the Survey of Employment, Payrolls and Hours as payroll employment—continued to rise in October, up by 183,700 (+1.2%) from the previous month.
Friday, January 29, 2021GDP: 8:30amNov---Real gross domestic product grew 0.4% in October as 16 of 20 industrial sectors were up in the month.

  • Markit Canada Manufacturing PMI: 9:30 am

    Monday, January 4, 2021

    For: Dec

    Current Month:
    The Index registered 57.9 in December, up from 55.8 in November, signaling the strongest overall improvement in business conditions since the survey began in October 2010.

    Previous Month:
    The index registered 55.8 in November, up slightly from 55.5 in October, signaling another robust expansion in business conditions.

  • Raw Materials Price Index: 8:30am

    Tuesday, January 5, 2021

    For: Nov

    Current Month:
    The Raw Materials Price Index increased 0.6%, mostly because of higher prices for crude energy products and crop products.

    Previous Month:
    The Raw Materials Price Index increased 0.5%, mostly due to higher prices for animals and animal products and crop products.

  • Industrial Product Price Index: 8:30am

    Tuesday, January 5, 2021

    For: Nov

    Current Month:
    The Industrial Product Price Index fell 0.6% in November, driven mainly by lower prices for lumber and other wood products.

    Previous Month:
    The Industrial Product Price Index fell 0.4% in October, driven mainly by lower prices for lumber and other wood products.

  • IVEY Purchasing Managers Index: 10:00am

    Thursday, January 7, 2021

    For: Dec

    Current Month:
    The index dropped to 46.7 from November's 52.7, and down from the 51.9 figure in December 2019.

    Previous Month:
    The index moved higher by 52.7, down from October's 54.5, and way down from the 60 figure in November 2019.

  • Canadian International Merchandise Trade: 8:30am

    Thursday, January 7, 2021

    For: Nov

    Current Month:
    In November, Canada's merchandise exports increased 0.5%, while imports edged down 0.3%. As a result, Canada's merchandise trade deficit with the world narrowed from $3.7 billion in October to $3.3 billion in November.

    Previous Month:
    In October, Canada's merchandise exports increased 2.2% and imports rose by 1.9%. As a result, Canada's merchandise trade deficit with the world was virtually unchanged at $3.8 billion in October.

  • Labour Force Survey: 8:30am

    Friday, January 8, 2021

    For: Dec

    Current Month:
    Employment fell by 63,000 (-0.3%) in December—the first decline since April. The unemployment rate was 8.6%, little changed from 8.5% in November.

    Previous Month:
    Employment rose by 62,000 (+0.3%) in November, following an increase of 84,000 (+0.5%) in October. The unemployment rate was 8.5% in November, down 0.4 percentage points from a month earlier.

  • CREAstats - MLS Sales: 8:30am

    Friday, January 15, 2021

    For: Dec

    Current Month:
    National home sales rose 7.2% on a month-over-month (m-o-m) basis in December.

    Previous Month:
    Home sales recorded over Canadian MLS® Systems edged back by 1.6% between October and November. Small declines in October and November notwithstanding, monthly activity is still running well above most of history.

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

    Monday, January 18, 2021

    For: Nov

    Current Month:
    Foreign investors acquired $11.8 billion of Canadian securities in November, largely purchases of federal government debt securities. At the same time, Canadian investors increased their holdings of foreign securities by $7.6 billion, led by acquisitions of U.S. shares.

    Previous Month:
    Non-residents added $6.9 billion of Canadian securities to their portfolios in October, with the bulk of the investment in government bonds. Meanwhile, Canadian investors acquired $8.0 billion of foreign securities, largely foreign government bonds.

  • Housing Starts: 8:15am

    Monday, January 18, 2021

    For: Dec

    Current Month:
    The trend in housing starts was 239,052 units in December 2020, up from 236,334 units in November 2020. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

    Previous Month:
    Canada Mortgage and Housing Corporation reported the trend in housing starts was 231,491 units in November, up from 222,989 units in October. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

  • Wholesale Trade: 8:30am

    Tuesday, January 19, 2021

    For: Nov

    Current Month:
    Wholesale sales grew for the seventh consecutive month in November—up 0.7% to an all-time high of $67.4 billion.

    Previous Month:
    The sale of wholesale products rose 1.0% in October to $66.7 billion. It was the sixth consecutive increase for the sector.

  • Monthly Survey of Manufacturing: 8:30am

    Tuesday, January 19, 2021

    For: Nov

    Current Month:
    Manufacturing sales decreased for the first time in three months, declining 0.6% to $53.7 billion in November

    Previous Month:
    Manufacturing sales rose 0.3% to $54.1 billion in October on higher sales of non-durable products. Nevertheless, sales in the manufacturing sector were 3.0% below their pre-pandemic levels in February.

  • BoC Interest Rate Decision: 10:00am

    Wednesday, January 20, 2021

    For: Dec

    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 today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at 0.5% and the deposit rate at 0.25%

  • Consumer Price Index: 8:30am

    Wednesday, January 20, 2021

    For: Dec

    Current Month:
    The Consumer Price Index (CPI) rose 0.7% on a year-over-year basis in December, down from a 1.0% increase in November. On a seasonally adjusted monthly basis, the CPI rose 0.1% in December.

    Previous Month:
    Inflation rose 1.0% on a year-over-year basis in November, up from a 0.7% increase in October. On a seasonally adjusted monthly basis, the CPI rose 0.3% in November, matching the increase in October.

  • New Housing Price Index: 8:30am

    Thursday, January 21, 2021

    For: Dec

    Current Month:
    The growth in new home prices slowed for the third consecutive month, rising 0.3% in December compared with November.

    Previous Month:
    New home buyers saw prices rise 0.6% in November at the national level, with prices up in 21 of the 27 census metropolitan areas surveyed.

  • Retail Trade: 8:30am

    Friday, January 22, 2021

    For: Nov

    Current Month:
    Retail sales rose 1.3% to $55.2 billion in November.

    Previous Month:
    Retail sales edged up 0.4% to $54.6 billion in October, marking the sixth consecutive monthly increase since the record decline in April.

  • Building Permits: 8:30am

    Thursday, January 28, 2021

    For: Dec

    Current Month:
    ---

    Previous Month:
    The total value of building permits rose 12.9% to $9.4 billion in November, the third highest value on record—with the highest value having been reached in April 2019.

  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, January 28, 2021

    For: Nov

    Current Month:
    ---

    Previous Month:
    The number of employees receiving pay or benefits from their employer—measured in the Survey of Employment, Payrolls and Hours as payroll employment—continued to rise in October, up by 183,700 (+1.2%) from the previous month.

  • GDP: 8:30am

    Friday, January 29, 2021

    For: Nov

    Current Month:
    ---

    Previous Month:
    Real gross domestic product grew 0.4% in October as 16 of 20 industrial sectors were up in the month.