Canadian Economic Calendar - January 2018

DateStatisticForCurrent MonthPrevious Month
Tuesday, January 02, 2018Markit Canada Manufacturing PMI: 9:30amDecAt 54.7, up from 54.4 in November, the seasonally-adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index pointed to the strongest improvement in business conditions since September. The headline index has posted above the 50.0 no-change threshold in each month since March 2016. The seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index registered 54.4 in November, little changed from October’s nine-month low of 54.3.
Thursday, January 04, 2018Raw Materials Price Index: 8:30amNovThe Raw Materials Price Index rose 5.5%, primarily due to higher prices for crude energy products.The Raw Materials Price Index increased 3.8% in October, primarily due to higher prices for crude energy products.
Thursday, January 04, 2018Industrial Product Price Index: 8:30amNovThe Industrial Product Price Index increased 1.4% in November, mainly attributable to higher prices for energy and petroleum productsThe Industrial Product Price Index rose 1.0% in October, mainly due to higher prices for motorized and recreational vehicles.
Friday, January 05, 2018Labour Force Survey: 8:30amDecStatistics Canada reported Friday that the unemployment rate dropped to 5.7 per cent in December, down from 5.9 per cent the month beforeEmployment increased for the second consecutive month, up 80,000 in November. The unemployment rate fell by 0.4 percentage points to 5.9%, the lowest rate since February 2008.
Friday, January 05, 2018IVEY Purchasing Managers Index: 10:00amDecThe seasonally adjusted index fell to 60.4 from 63.0 in November. A reading above 50 indicates an increase in the pace of activity. The unadjusted index fell to 49.3 from 62.4. The PMI faltered slightly to 63.0 in November compared to 63.8 the month before, and 56.8 in November 2016
Friday, January 05, 2018Canadian International Merchandise Trade: 8:30amNovCanada's merchandise trade deficit with the world totaled $2.5 billion in November, widening from a $1.6 billion deficit in October. Imports were up 5.8% and exports rose 3.7%, both due largely to increased activity in the automotive industry.Canada's merchandise trade deficit with the world totaled $1.5 billion in October, narrowing from a $3.4 billion deficit in September. Exports were up 2.7% while imports decreased 1.6%
Tuesday, January 09, 2018Housing Starts: 8:15amDecCanadian housing starts fell in December. The seasonally adjusted annual rate of starts declined to 216,980 in December from November's downwardly revised 251,675. Economists had expected a decline to a 212,500 annual rate.Canada Mortgage and Housing Corporation reports the trend in housing starts was 226,270 units in November, compared to 216,642 units in October
Wednesday, January 10, 2018Building Permits: 8:30amNovThe value of Canadian building permits tumbled more than expected in November. Canadian municipalities issued $7.7 billion in building permits in November, down 7.7% from the previous month and the first decrease in three months.Canadian municipalities issued $8.2 billion worth of building permits in October, up 3.5% from the previous month
Thursday, January 11, 2018New Housing Price Index: 8:30amNovCanadians saw little overall change in new home prices in November.In October, new house prices in Canada rose 3.5% year over year, down from this year's largest increase of 3.9%. Vancouver (+8.4%) and London (+8.1%) had the largest 12-month increases among the surveyed CMAs.
Monday, January 15, 2018CREAstats - MLS Sales: 8:30amDec The Canadian Real Estate Association (CREA), reported national home sales rose 4.5% in December 2017. Actual (not seasonally-adjusted) activity was up 4.1% year-over-year The Canadian Real Estate Association said National home sales rose 3.9% from October to November. Actual (not seasonally adjusted) activity was up 2.6% from November 2016. The number of newly listed homes climbed 3.5% from October to November.
Wednesday, January 17, 2018BoC Rate Announcement: 10:00am---The Bank of Canada today increased its target for the overnight rate to 1.25%. The Bank Rate is correspondingly 1.5% and the deposit rate is 1%The Bank of Canada today maintained its target for the overnight rate at 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75%
Thursday, January 18, 2018Employment Insurance: 8:30amNovRegular Employment Insurance (EI) beneficiaries totalled 506,700 in November, down slightly from the previous month.In October, 510,000 people received regular Employment Insurance benefits, virtually unchanged from September.
Friday, January 19, 2018Monthly Survey of Manufacturing: 8:30amNovManufacturing sales rose 3.4% to a record high $55.5 billion in November, mainly due to higher sales in the transportation equipment, petroleum and coal product and chemical industries.Manufacturing sales declined 0.4% to $53.5 billion in October, following two consecutive monthly increases. Sales of motor vehicles and other transportation equipment accounted for most of the decline in October
Friday, January 19, 2018Canada's International Transactions in Securities: 8:30amNovForeign investment in Canadian securities amounted to $19.6 billion in November, mainly purchases of Canadian bonds. Meanwhile, Canadian investors reduced their holdings of foreign securities by $4.6 billion, following strong acquisitions in October.Foreign investment in Canadian securities totaled $20.8 billion in October, led by record acquisitions of Canadian bonds. At the same time, Canadian investors increased their holdings of foreign securities by $16.5 billion, mainly purchases of U.S. shares.
Monday, January 22, 2018Wholesale Trade: 8:30amNov---Wholesale sales increased 1.5% to $63.0 billion in October, more than offsetting the 1.1% decline in September.
Thursday, January 25, 2018Retail Trade: 8:30amNov---Retail sales rose 1.5% to $49.9 billion in October. Higher sales at new car dealers were the main contributor to the gain.
Thursday, January 25, 2018Average Weekly EarningsNov---Average weekly earnings of non-farm payroll employees were $983 in October, virtually unchanged from the previous month.
Friday, January 26, 2018Consumer Price Index: 8:30amDec---CPI rose 2.1% on a year-over-year basis in November, following a 1.4% increase in October. On a seasonally adjusted monthly basis, inflation was up 0.5% in November.
Wednesday, January 31, 2018GDP: 8:30amNov---Real gross domestic product was essentially unchanged in October following 0.2% growth in September, as nine of 20 industrial sectors expanded
  • Markit Canada Manufacturing PMI: 9:30am

    Tuesday, January 02, 2018

    For: Dec

    Current Month:
    At 54.7, up from 54.4 in November, the seasonally-adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index pointed to the strongest improvement in business conditions since September. The headline index has posted above the 50.0 no-change threshold in each month since March 2016.

    Previous Month:
    The seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index registered 54.4 in November, little changed from October’s nine-month low of 54.3.
  • Raw Materials Price Index: 8:30am

    Thursday, January 04, 2018

    For: Nov

    Current Month:
    The Raw Materials Price Index rose 5.5%, primarily due to higher prices for crude energy products.

    Previous Month:
    The Raw Materials Price Index increased 3.8% in October, primarily due to higher prices for crude energy products.
  • Industrial Product Price Index: 8:30am

    Thursday, January 04, 2018

    For: Nov

    Current Month:
    The Industrial Product Price Index increased 1.4% in November, mainly attributable to higher prices for energy and petroleum products

    Previous Month:
    The Industrial Product Price Index rose 1.0% in October, mainly due to higher prices for motorized and recreational vehicles.
  • Labour Force Survey: 8:30am

    Friday, January 05, 2018

    For: Dec

    Current Month:
    Statistics Canada reported Friday that the unemployment rate dropped to 5.7 per cent in December, down from 5.9 per cent the month before

    Previous Month:
    Employment increased for the second consecutive month, up 80,000 in November. The unemployment rate fell by 0.4 percentage points to 5.9%, the lowest rate since February 2008.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, January 05, 2018

    For: Dec

    Current Month:
    The seasonally adjusted index fell to 60.4 from 63.0 in November. A reading above 50 indicates an increase in the pace of activity. The unadjusted index fell to 49.3 from 62.4.

    Previous Month:
    The PMI faltered slightly to 63.0 in November compared to 63.8 the month before, and 56.8 in November 2016
  • Canadian International Merchandise Trade: 8:30am

    Friday, January 05, 2018

    For: Nov

    Current Month:
    Canada's merchandise trade deficit with the world totaled $2.5 billion in November, widening from a $1.6 billion deficit in October. Imports were up 5.8% and exports rose 3.7%, both due largely to increased activity in the automotive industry.

    Previous Month:
    Canada's merchandise trade deficit with the world totaled $1.5 billion in October, narrowing from a $3.4 billion deficit in September. Exports were up 2.7% while imports decreased 1.6%
  • Housing Starts: 8:15am

    Tuesday, January 09, 2018

    For: Dec

    Current Month:
    Canadian housing starts fell in December. The seasonally adjusted annual rate of starts declined to 216,980 in December from November's downwardly revised 251,675. Economists had expected a decline to a 212,500 annual rate.

    Previous Month:
    Canada Mortgage and Housing Corporation reports the trend in housing starts was 226,270 units in November, compared to 216,642 units in October
  • Building Permits: 8:30am

    Wednesday, January 10, 2018

    For: Nov

    Current Month:
    The value of Canadian building permits tumbled more than expected in November. Canadian municipalities issued $7.7 billion in building permits in November, down 7.7% from the previous month and the first decrease in three months.

    Previous Month:
    Canadian municipalities issued $8.2 billion worth of building permits in October, up 3.5% from the previous month
  • New Housing Price Index: 8:30am

    Thursday, January 11, 2018

    For: Nov

    Current Month:
    Canadians saw little overall change in new home prices in November.

    Previous Month:
    In October, new house prices in Canada rose 3.5% year over year, down from this year's largest increase of 3.9%. Vancouver (+8.4%) and London (+8.1%) had the largest 12-month increases among the surveyed CMAs.
  • CREAstats - MLS Sales: 8:30am

    Monday, January 15, 2018

    For: Dec

    Current Month:
    The Canadian Real Estate Association (CREA), reported national home sales rose 4.5% in December 2017. Actual (not seasonally-adjusted) activity was up 4.1% year-over-year

    Previous Month:
    The Canadian Real Estate Association said National home sales rose 3.9% from October to November. Actual (not seasonally adjusted) activity was up 2.6% from November 2016. The number of newly listed homes climbed 3.5% from October to November.
  • BoC Rate Announcement: 10:00am

    Wednesday, January 17, 2018

    For: ---

    Current Month:
    The Bank of Canada today increased its target for the overnight rate to 1.25%. The Bank Rate is correspondingly 1.5% and the deposit rate is 1%

    Previous Month:
    The Bank of Canada today maintained its target for the overnight rate at 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75%
  • Employment Insurance: 8:30am

    Thursday, January 18, 2018

    For: Nov

    Current Month:
    Regular Employment Insurance (EI) beneficiaries totalled 506,700 in November, down slightly from the previous month.

    Previous Month:
    In October, 510,000 people received regular Employment Insurance benefits, virtually unchanged from September.
  • Monthly Survey of Manufacturing: 8:30am

    Friday, January 19, 2018

    For: Nov

    Current Month:
    Manufacturing sales rose 3.4% to a record high $55.5 billion in November, mainly due to higher sales in the transportation equipment, petroleum and coal product and chemical industries.

    Previous Month:
    Manufacturing sales declined 0.4% to $53.5 billion in October, following two consecutive monthly increases. Sales of motor vehicles and other transportation equipment accounted for most of the decline in October
  • Canada's International Transactions in Securities: 8:30am

    Friday, January 19, 2018

    For: Nov

    Current Month:
    Foreign investment in Canadian securities amounted to $19.6 billion in November, mainly purchases of Canadian bonds. Meanwhile, Canadian investors reduced their holdings of foreign securities by $4.6 billion, following strong acquisitions in October.

    Previous Month:
    Foreign investment in Canadian securities totaled $20.8 billion in October, led by record acquisitions of Canadian bonds. At the same time, Canadian investors increased their holdings of foreign securities by $16.5 billion, mainly purchases of U.S. shares.
  • Wholesale Trade: 8:30am

    Monday, January 22, 2018

    For: Nov

    Current Month:
    ---

    Previous Month:
    Wholesale sales increased 1.5% to $63.0 billion in October, more than offsetting the 1.1% decline in September.
  • Retail Trade: 8:30am

    Thursday, January 25, 2018

    For: Nov

    Current Month:
    ---

    Previous Month:
    Retail sales rose 1.5% to $49.9 billion in October. Higher sales at new car dealers were the main contributor to the gain.
  • Average Weekly Earnings

    Thursday, January 25, 2018

    For: Nov

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $983 in October, virtually unchanged from the previous month.
  • Consumer Price Index: 8:30am

    Friday, January 26, 2018

    For: Dec

    Current Month:
    ---

    Previous Month:
    CPI rose 2.1% on a year-over-year basis in November, following a 1.4% increase in October. On a seasonally adjusted monthly basis, inflation was up 0.5% in November.
  • GDP: 8:30am

    Wednesday, January 31, 2018

    For: Nov

    Current Month:
    ---

    Previous Month:
    Real gross domestic product was essentially unchanged in October following 0.2% growth in September, as nine of 20 industrial sectors expanded