Canadian Economic Calendar - October 2017

DateStatisticForCurrent MonthPrevious Month
Sunday, October 01, 2017Markit Canada Manufacturing PMI: 9:30amSeptThe Markit Canada Manufacturing Purchasing Managers’ index (PMI), a measure of manufacturing business conditions, rose to a seasonally adjusted 55.0 last month from 54.6 in August. A reading above 50 shows growth in the sector.The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI™) registered 54.6 in August, to remain above the neutral 50.0 threshold for the 18th consecutive month, down slightly from 55.5 in July
Thursday, October 05, 2017Canadian International Merchandise Trade: 8:30amAugCanada's merchandise trade deficit totalled $3.4 billion in August, widening from a $3.0 billion deficit in July. Exports decreased 1.0% while imports were unchanged.Canada's merchandise trade deficit totaled $3.0 billion in July, narrowing from a $3.8-billion deficit in June. Imports fell 6.0% while exports decreased 4.9%.
Friday, October 06, 2017Labour Force Survey: 8:30amSeptEmployment gained 0.1% or 10,000 in September, and the unemployment rate remained at 6.2%, matching the low of October 2008.Employment was up 22,000 or 0.1% in August. The unemployment rate declined by 0.1 percentage points to 6.2%, matching the most recent low of October 2008, the month prior to the 2008-2009 labour-market downturn.
Friday, October 06, 2017IVEY Purchasing Managers Index: 10:00amSeptThe IVEY PMI grew to 59.6 in September, from 56.3 in August, and upward fro 58.4 in September 2016 The IVEY PMI index faded to 56.3 in August from 60 in July, but ahead of a 52.3 reading in August 2016.
Tuesday, October 10, 2017Housing Starts: 8:15amSeptCanada Mortgage and Housing Corporation reported the trend in housing starts was 214,821 units in September, compared to 220,573 units in August. Canada Mortgage and Housing Corp. says the annual pace of housing starts in August increased compared with July. The agency says housing starts came in at a seasonally-adjusted annual rate of 223,232 units for August, up from 221,974 in July.
Tuesday, October 10, 2017Building Permits: 8:30amAugCanadian municipalities issued $7.5 billion worth of building permits in August, down 5.5% from July. This was the second consecutive monthly decrease. Despite these declines, the year-to-date value of building permits is up 8.7% compared with the same period in 2016.Canadian municipalities issued $7.9 billion worth of building permits in July, down 3.5% from June and the first decrease since March 2017
Thursday, October 12, 2017New Housing Price Index: 8:30amAugNew house prices in Canada rose 3.8% year-over-year in August. Prices for new homes were unchanged in 15 of the 27 census metropolitan areas (CMAs) surveyed, including what have been Canada's two hottest housing markets—Toronto and Vancouver. For Toronto, this was the third consecutive month of flat readings. Market conditions in Vancouver contributed to ongoing strength in that census metropolitan area, and helped drive new home prices up 0.4% nationally in July
Friday, October 13, 2017CREAstats - MLS Sales: 8:30amSeptThe average price of a Canadian home rose by 3% in the year up to September, even as sales during the month came in 11% lower than they were a year ago.The Canadian Real Estate Association reported national home sales rose 1.3% from July to August.
Monday, October 16, 2017Canada's International Transactions in Securities: 8:30amAugForeign investment in Canadian securities totaled $9.8 billion in August, down from $24.0 billion in July. At the same time, Canadian investors increased their holdings of foreign securities by $12.0 billion, led by purchases of U.S. corporate instruments.Foreign investment in Canadian securities amounted to $24.0 billion in July, led by record acquisitions of Canadian bonds. At the same time, Canadian investors reduced their holdings of foreign securities by $1.8 billion, following strong acquisitions in June.
Wednesday, October 18, 2017Monthly Survey of Manufacturing: 8:30amAugManufacturing sales increased 1.6% to $53.5 billion in August, following two consecutive monthly declines. The gain was mainly attributable to higher sales in the transportation equipment, and petroleum and coal product industries.Manufacturing sales decreased 2.6% to $52.5 billion in July, following a 1.9% decline in June.
Thursday, October 19, 2017Employment Insurance: 8:30amAugThe number of regular Employment Insurance beneficiaries decreased by 9,600, or 1.8%, to 524,200 in August. This decline continues a downward trend that began in October 2016.In July, 536,600 people received regular Employment Insurance benefits, up 6,800 (+1.3%) from June.
Friday, October 20, 2017Consumer Price Index: 8:30amSeptThe Consumer Price Index rose 1.6% on a year-over-year basis in September, following a 1.4% increase in August. On a seasonally adjusted monthly basis, the Consumer Price Index was up 0.2% in September, matching the increase in August.The Consumer Price Index rose 1.4% on a year-over-year basis in August, following a 1.2% increase in July. On a seasonally adjusted monthly basis, CPI was up 0.2% in August, matching the increase in July.
Friday, October 20, 2017Retail Trade: 8:30amAugAfter increasing 0.4% in July, retail sales declined 0.3% in August to $48.9 billion. Sales were down in eight of 11 sub-sectors, representing 57% of retail trade.Retail sales rose 0.4% to $49.1 billion in July. Higher sales at motor vehicle and parts dealers and food and beverage stores were the main contributors to the gain.
Monday, October 23, 2017Wholesale Trade: 8:30amAug---Wholesale sales rose 1.5% to $62.4 billion in July, following a 0.6% decline in June. Sales were up in five of the seven sub-sectors, representing 86% of total wholesale sales.
Wednesday, October 25, 2017BoC Rate Announcement: 10amOct---The Bank of Canada is raising its target for the overnight rate to 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75%
Thursday, October 26, 2017Average Weekly EarningsAug---Average weekly earnings of non-farm payroll employees were $970 in July, little changed from the previous month. Compared with July 2016, earnings were up 1.8%
Tuesday, October 31, 2017GDP: 8:30amAug---After rising for eight consecutive months, real gross domestic product was essentially unchanged in July as 11 of 20 industrial sectors grew.
Tuesday, October 31, 2017Industrial Product Price Index: 8:30amSept---The Industrial Product Price Index rose 0.3% in August, mainly due to higher prices for energy and petroleum products.
Tuesday, October 31, 2017Raw Materials Price Index: 8:30amSept---The Raw Materials Price Index increased 1.0%, primarily due to higher prices for crude energy products.

  • Markit Canada Manufacturing PMI: 9:30am

    Sunday, October 01, 2017

    For: Sept

    Current Month:
    The Markit Canada Manufacturing Purchasing Managers’ index (PMI), a measure of manufacturing business conditions, rose to a seasonally adjusted 55.0 last month from 54.6 in August. A reading above 50 shows growth in the sector.

    Previous Month:
    The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI™) registered 54.6 in August, to remain above the neutral 50.0 threshold for the 18th consecutive month, down slightly from 55.5 in July

  • Canadian International Merchandise Trade: 8:30am

    Thursday, October 05, 2017

    For: Aug

    Current Month:
    Canada's merchandise trade deficit totalled $3.4 billion in August, widening from a $3.0 billion deficit in July. Exports decreased 1.0% while imports were unchanged.

    Previous Month:
    Canada's merchandise trade deficit totaled $3.0 billion in July, narrowing from a $3.8-billion deficit in June. Imports fell 6.0% while exports decreased 4.9%.

  • Labour Force Survey: 8:30am

    Friday, October 06, 2017

    For: Sept

    Current Month:
    Employment gained 0.1% or 10,000 in September, and the unemployment rate remained at 6.2%, matching the low of October 2008.

    Previous Month:
    Employment was up 22,000 or 0.1% in August. The unemployment rate declined by 0.1 percentage points to 6.2%, matching the most recent low of October 2008, the month prior to the 2008-2009 labour-market downturn.

  • IVEY Purchasing Managers Index: 10:00am

    Friday, October 06, 2017

    For: Sept

    Current Month:
    The IVEY PMI grew to 59.6 in September, from 56.3 in August, and upward fro 58.4 in September 2016

    Previous Month:
    The IVEY PMI index faded to 56.3 in August from 60 in July, but ahead of a 52.3 reading in August 2016.

  • Housing Starts: 8:15am

    Tuesday, October 10, 2017

    For: Sept

    Current Month:
    Canada Mortgage and Housing Corporation reported the trend in housing starts was 214,821 units in September, compared to 220,573 units in August.

    Previous Month:
    Canada Mortgage and Housing Corp. says the annual pace of housing starts in August increased compared with July. The agency says housing starts came in at a seasonally-adjusted annual rate of 223,232 units for August, up from 221,974 in July.

  • Building Permits: 8:30am

    Tuesday, October 10, 2017

    For: Aug

    Current Month:
    Canadian municipalities issued $7.5 billion worth of building permits in August, down 5.5% from July. This was the second consecutive monthly decrease. Despite these declines, the year-to-date value of building permits is up 8.7% compared with the same period in 2016.

    Previous Month:
    Canadian municipalities issued $7.9 billion worth of building permits in July, down 3.5% from June and the first decrease since March 2017

  • New Housing Price Index: 8:30am

    Thursday, October 12, 2017

    For: Aug

    Current Month:
    New house prices in Canada rose 3.8% year-over-year in August. Prices for new homes were unchanged in 15 of the 27 census metropolitan areas (CMAs) surveyed, including what have been Canada's two hottest housing markets—Toronto and Vancouver. For Toronto, this was the third consecutive month of flat readings.

    Previous Month:
    Market conditions in Vancouver contributed to ongoing strength in that census metropolitan area, and helped drive new home prices up 0.4% nationally in July

  • CREAstats - MLS Sales: 8:30am

    Friday, October 13, 2017

    For: Sept

    Current Month:
    The average price of a Canadian home rose by 3% in the year up to September, even as sales during the month came in 11% lower than they were a year ago.

    Previous Month:
    The Canadian Real Estate Association reported national home sales rose 1.3% from July to August.

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

    Monday, October 16, 2017

    For: Aug

    Current Month:
    Foreign investment in Canadian securities totaled $9.8 billion in August, down from $24.0 billion in July. At the same time, Canadian investors increased their holdings of foreign securities by $12.0 billion, led by purchases of U.S. corporate instruments.

    Previous Month:
    Foreign investment in Canadian securities amounted to $24.0 billion in July, led by record acquisitions of Canadian bonds. At the same time, Canadian investors reduced their holdings of foreign securities by $1.8 billion, following strong acquisitions in June.

  • Monthly Survey of Manufacturing: 8:30am

    Wednesday, October 18, 2017

    For: Aug

    Current Month:
    Manufacturing sales increased 1.6% to $53.5 billion in August, following two consecutive monthly declines. The gain was mainly attributable to higher sales in the transportation equipment, and petroleum and coal product industries.

    Previous Month:
    Manufacturing sales decreased 2.6% to $52.5 billion in July, following a 1.9% decline in June.

  • Employment Insurance: 8:30am

    Thursday, October 19, 2017

    For: Aug

    Current Month:
    The number of regular Employment Insurance beneficiaries decreased by 9,600, or 1.8%, to 524,200 in August. This decline continues a downward trend that began in October 2016.

    Previous Month:
    In July, 536,600 people received regular Employment Insurance benefits, up 6,800 (+1.3%) from June.

  • Consumer Price Index: 8:30am

    Friday, October 20, 2017

    For: Sept

    Current Month:
    The Consumer Price Index rose 1.6% on a year-over-year basis in September, following a 1.4% increase in August. On a seasonally adjusted monthly basis, the Consumer Price Index was up 0.2% in September, matching the increase in August.

    Previous Month:
    The Consumer Price Index rose 1.4% on a year-over-year basis in August, following a 1.2% increase in July. On a seasonally adjusted monthly basis, CPI was up 0.2% in August, matching the increase in July.

  • Retail Trade: 8:30am

    Friday, October 20, 2017

    For: Aug

    Current Month:
    After increasing 0.4% in July, retail sales declined 0.3% in August to $48.9 billion. Sales were down in eight of 11 sub-sectors, representing 57% of retail trade.

    Previous Month:
    Retail sales rose 0.4% to $49.1 billion in July. Higher sales at motor vehicle and parts dealers and food and beverage stores were the main contributors to the gain.

  • Wholesale Trade: 8:30am

    Monday, October 23, 2017

    For: Aug

    Current Month:
    ---

    Previous Month:
    Wholesale sales rose 1.5% to $62.4 billion in July, following a 0.6% decline in June. Sales were up in five of the seven sub-sectors, representing 86% of total wholesale sales.

  • BoC Rate Announcement: 10am

    Wednesday, October 25, 2017

    For: Oct

    Current Month:
    ---

    Previous Month:
    The Bank of Canada is raising its target for the overnight rate to 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75%

  • Average Weekly Earnings

    Thursday, October 26, 2017

    For: Aug

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $970 in July, little changed from the previous month. Compared with July 2016, earnings were up 1.8%

  • GDP: 8:30am

    Tuesday, October 31, 2017

    For: Aug

    Current Month:
    ---

    Previous Month:
    After rising for eight consecutive months, real gross domestic product was essentially unchanged in July as 11 of 20 industrial sectors grew.

  • Industrial Product Price Index: 8:30am

    Tuesday, October 31, 2017

    For: Sept

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index rose 0.3% in August, mainly due to higher prices for energy and petroleum products.

  • Raw Materials Price Index: 8:30am

    Tuesday, October 31, 2017

    For: Sept

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index increased 1.0%, primarily due to higher prices for crude energy products.