Canadian Economic Calendar - August 2020

DateStatisticForCurrent MonthPrevious Month
Tuesday, August 4, 2020Markit Canada Manufacturing PMI: 9:30 amJulyThe IHS Markit Canada Manufacturing PMI increased to 52.9 in July 2020 from 47.8 in June. The reading pointed to the first expansion in factory activity in five months and the sharpest since January last year. The seasonally-adjusted IHS Markit Canada Manufacturing PMI registered 47.8 in June, up from 40.6 in May and well above the survey-record low seen during April (33.0) but well below the neutral 50-point reading.
Wednesday, August 5, 2020Canadian International Merchandise Trade: 8:30amJuneIn June, Canadian merchandise imports and exports rebounded sharply, mostly on the strength of motor vehicles and parts. Imports rose 21.8% and exports were up 17.1%. Canada's merchandise trade deficit with the world widened from $1.3 billion in May to $3.2 billion in June.Exports to other countries increased 6.7% in May. Meanwhile, imports decreased 3.9%. As a result, Canada's merchandise trade deficit with the world narrowed from $4.3 billion in April to $677 million in May.
Friday, August 7, 2020Labour Force Survey: 8:30amJulyEmployment rose by 419,000 (+2.4%) in July compared with 953,000 (+5.8%) in June. Combined with gains of 290,000 in May, this brought employment to within 1.3 million (-7.0%) of its pre-COVID February level.Employment rose by nearly one million in June (953,000, or 5.8%). With two consecutive increases, employment in June was 1.8 million (or 9.2%) lower than in February.
Friday, August 7, 2020IVEY Purchasing Managers Index: 10:00amJulyThe index jumped to 68.2, outdistancing the 58.2 reading in June and topping the 54.2 standing in July 2019 The index rocketed in June to 58.2, far above the reading of 39.1 in May, and even outdistancing the 52.4 level for June 2019.
Tuesday, August 11, 2020Housing Starts: 8:15amJuly---Canadian seasonally-adjusted housing starts were 211,681 in June, compared with a revised 195,453 units in May.
Friday, August 14, 2020Monthly Survey of Manufacturing: 8:30amJune---Manufacturing sales increased 10.7% to $40.2 billion in May following a record 27.9% decline in April.
Friday, August 14, 2020CREAstats - MLS Sales: 8:30amJuly---National home sales rose 63% on a month-over-month (m-o-m) basis in June. Actual (not seasonally adjusted) activity was up 15.2% year-over-year.
Monday, August 17, 2020Canada's International Transactions in Securities: 8:30amJune---Foreign investors acquired $22.4 billion of Canadian securities in May, following a record investment of $49.0 billion in April. Meanwhile, Canadian investors added $13.4 billion of foreign securities to their holdings as investment in equities accelerated.
Wednesday, August 19, 2020Wholesale Trade: 8:30amJune---Wholesale sales increased 5.7% to $52.6 billion in May, following historic declines in April that saw wholesale sales plummet an unprecedented 21.4% due to the COVID-19 pandemic.
Wednesday, August 19, 2020Consumer Price Index: 8:30amJuly---CPI rose 0.7% on a year-over-year basis in June, up from a 0.4% decline in May. On a seasonally adjusted monthly basis, the CPI increased 1.0% in June, following a 0.1% increase in May.
Friday, August 21, 2020Retail Trade: 8:30amJune---Retail sales in Canada jumped 18.7 percent over a month earlier in May 2020, rebounding from a record 26.4 percent slump in the previous month, but below market expectations of a 20 percent gain.
Friday, August 21, 2020New Housing Price Index: 8:30amJuly---New house prices in Canada edged up 0.1 percent for the second consecutive month in June 2020, matching market expectations.
Thursday, August 27, 2020Payroll Employment, Earnings and Hours: 8:30amJune---The Survey of Employment, Payrolls and Hours showed payroll employment decreased in May, falling 585,100, or 4.1%. This followed declines in March (-0.9 million) and April (-1.9 million), and brought total payroll employment losses since February to 3.4 million, or 19.9%.
Friday, August 28, 2020GDP: 8:30amJune---Real gross domestic product grew 4.5% in May, following two months of unprecedented declines, as 17 of 20 industrial sectors increased.
Monday, August 31, 2020Industrial Product Price Index: 8:30amJuly---The index rose 0.4% in June, driven mainly by higher prices for energy and petroleum products
Monday, August 31, 2020Raw Materials Price Index: 8:30amJuly---The index increased 7.5% last month, primarily as a result of higher prices for crude energy products.
Monday, August 31, 2020Building Permits: 8:30amJuly---Building permits for June hiked 6.2% to $8.1 billion in June, to a level comparable to pre-COVID levels. Overall, seven provinces reported gains for the month.
Wednesday, September 9, 2020BoC Interest Rate Decision: 10:30am------The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of 0.25%.
  • Markit Canada Manufacturing PMI: 9:30 am

    Tuesday, August 4, 2020

    For: July

    Current Month:
    The IHS Markit Canada Manufacturing PMI increased to 52.9 in July 2020 from 47.8 in June. The reading pointed to the first expansion in factory activity in five months and the sharpest since January last year.

    Previous Month:
    The seasonally-adjusted IHS Markit Canada Manufacturing PMI registered 47.8 in June, up from 40.6 in May and well above the survey-record low seen during April (33.0) but well below the neutral 50-point reading.
  • Canadian International Merchandise Trade: 8:30am

    Wednesday, August 5, 2020

    For: June

    Current Month:
    In June, Canadian merchandise imports and exports rebounded sharply, mostly on the strength of motor vehicles and parts. Imports rose 21.8% and exports were up 17.1%. Canada's merchandise trade deficit with the world widened from $1.3 billion in May to $3.2 billion in June.

    Previous Month:
    Exports to other countries increased 6.7% in May. Meanwhile, imports decreased 3.9%. As a result, Canada's merchandise trade deficit with the world narrowed from $4.3 billion in April to $677 million in May.
  • Labour Force Survey: 8:30am

    Friday, August 7, 2020

    For: July

    Current Month:
    Employment rose by 419,000 (+2.4%) in July compared with 953,000 (+5.8%) in June. Combined with gains of 290,000 in May, this brought employment to within 1.3 million (-7.0%) of its pre-COVID February level.

    Previous Month:
    Employment rose by nearly one million in June (953,000, or 5.8%). With two consecutive increases, employment in June was 1.8 million (or 9.2%) lower than in February.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, August 7, 2020

    For: July

    Current Month:
    The index jumped to 68.2, outdistancing the 58.2 reading in June and topping the 54.2 standing in July 2019

    Previous Month:
    The index rocketed in June to 58.2, far above the reading of 39.1 in May, and even outdistancing the 52.4 level for June 2019.
  • Housing Starts: 8:15am

    Tuesday, August 11, 2020

    For: July

    Current Month:
    ---

    Previous Month:
    Canadian seasonally-adjusted housing starts were 211,681 in June, compared with a revised 195,453 units in May.
  • Monthly Survey of Manufacturing: 8:30am

    Friday, August 14, 2020

    For: June

    Current Month:
    ---

    Previous Month:
    Manufacturing sales increased 10.7% to $40.2 billion in May following a record 27.9% decline in April.
  • CREAstats - MLS Sales: 8:30am

    Friday, August 14, 2020

    For: July

    Current Month:
    ---

    Previous Month:
    National home sales rose 63% on a month-over-month (m-o-m) basis in June. Actual (not seasonally adjusted) activity was up 15.2% year-over-year.
  • Canada's International Transactions in Securities: 8:30am

    Monday, August 17, 2020

    For: June

    Current Month:
    ---

    Previous Month:
    Foreign investors acquired $22.4 billion of Canadian securities in May, following a record investment of $49.0 billion in April. Meanwhile, Canadian investors added $13.4 billion of foreign securities to their holdings as investment in equities accelerated.
  • Wholesale Trade: 8:30am

    Wednesday, August 19, 2020

    For: June

    Current Month:
    ---

    Previous Month:
    Wholesale sales increased 5.7% to $52.6 billion in May, following historic declines in April that saw wholesale sales plummet an unprecedented 21.4% due to the COVID-19 pandemic.
  • Consumer Price Index: 8:30am

    Wednesday, August 19, 2020

    For: July

    Current Month:
    ---

    Previous Month:
    CPI rose 0.7% on a year-over-year basis in June, up from a 0.4% decline in May. On a seasonally adjusted monthly basis, the CPI increased 1.0% in June, following a 0.1% increase in May.
  • Retail Trade: 8:30am

    Friday, August 21, 2020

    For: June

    Current Month:
    ---

    Previous Month:
    Retail sales in Canada jumped 18.7 percent over a month earlier in May 2020, rebounding from a record 26.4 percent slump in the previous month, but below market expectations of a 20 percent gain.
  • New Housing Price Index: 8:30am

    Friday, August 21, 2020

    For: July

    Current Month:
    ---

    Previous Month:
    New house prices in Canada edged up 0.1 percent for the second consecutive month in June 2020, matching market expectations.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, August 27, 2020

    For: June

    Current Month:
    ---

    Previous Month:
    The Survey of Employment, Payrolls and Hours showed payroll employment decreased in May, falling 585,100, or 4.1%. This followed declines in March (-0.9 million) and April (-1.9 million), and brought total payroll employment losses since February to 3.4 million, or 19.9%.
  • GDP: 8:30am

    Friday, August 28, 2020

    For: June

    Current Month:
    ---

    Previous Month:
    Real gross domestic product grew 4.5% in May, following two months of unprecedented declines, as 17 of 20 industrial sectors increased.
  • Industrial Product Price Index: 8:30am

    Monday, August 31, 2020

    For: July

    Current Month:
    ---

    Previous Month:
    The index rose 0.4% in June, driven mainly by higher prices for energy and petroleum products
  • Raw Materials Price Index: 8:30am

    Monday, August 31, 2020

    For: July

    Current Month:
    ---

    Previous Month:
    The index increased 7.5% last month, primarily as a result of higher prices for crude energy products.
  • Building Permits: 8:30am

    Monday, August 31, 2020

    For: July

    Current Month:
    ---

    Previous Month:
    Building permits for June hiked 6.2% to $8.1 billion in June, to a level comparable to pre-COVID levels. Overall, seven provinces reported gains for the month.
  • BoC Interest Rate Decision: 10:30am

    Wednesday, September 9, 2020

    For: ---

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of 0.25%.