Canadian Economic Calendar - September 2023

DateStatisticForCurrent MonthPrevious Month
Friday, September 1, 2023Markit Canada Manufacturing PMI 9:30 a.m. AugThe index registered 48.0 last month, in contrast with a forecast of 49.2 and with last August" reading of 49.6. The index posted below the 50.0 no-change mark for a third month running in July. However, rising to 49.6, from 48.8 in June, the headline index pointed to the slowest deterioration in operating conditions in the current contractionary sequence.
Wednesday, September 6, 2023BoC Interest Rate Decision: 10:00amSeptThe 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 also continuing its policy of quantitative tightening.The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.
Wednesday, September 6, 2023Canadian International Merchandise Trade: 8:30amJulyIn July, Canada's merchandise imports decreased 5.4%, while exports were up 0.7%. As a result, Canada's merchandise trade deficit with the world narrowed from a revised $4.9 billion in June to $987 million in July.In June, Canada's merchandise exports decreased 2.2%, while imports were down 0.5%. As a result, Canada's merchandise trade deficit with the world widened from $2.7 billion in May to $3.7 billion in June.
Thursday, September 7, 2023IVEY Purchasing Managers Index: 10:00amAugThe index measured 53.5 in August, compared to 48.6 in July and 53.5 in August 2022. The index measured 48.6 in July, compared to 50.2 in June and 57 in July 2022.
Thursday, September 7, 2023Building Permits: 8:30amJulyThe total monthly value of building permits in Canada declined 1.5% in July to $11.7 billion.The total monthly value of building permits in Canada increased 6.1% in June to $11.6 billion.
Friday, September 8, 2023Labour Force Survey: 8:30amAugEmployment rose by 40,000 (+0.2%) in August. The unemployment rate was unchanged at 5.5%, following three consecutive monthly increases in May, June and July.Employment was little changed in July (-6,000; -0.0%). The unemployment rate increased 0.1 percentage points to 5.5%, marking the third consecutive monthly increase.
Thursday, September 14, 2023Wholesale Trade: 8:30amJulyWholesale sales grew 0.2% to $81.3 billion in July.Wholesale sales fell 2.8% to $80.5 billion in June.
Friday, September 15, 2023CREAstats - MLS Sales: 8:30amAugNational home sales declined 4.1% month-over-month in August. Actual (not seasonally adjusted) monthly activity came in 5.3% above August 2022.National home sales edged down 0.7% month-over-month in July. Actual (not seasonally adjusted) monthly activity came in 8.7% above July 2022.
Friday, September 15, 2023Monthly Survey of Manufacturing: 8:30amJulyManufacturing sales increased 1.6% in July, mainly on higher sales of food products, petroleum and coal products and transportation equipment.Manufacturing sales declined 1.7% in June, mainly on lower sales of petroleum and coal products, chemicals, and machinery.
Friday, September 15, 2023Canada's International Transactions in Securities: 8:30amJulyForeign investment in Canadian securities totalled $11.6 billion in July, a fourth consecutive month of strong investment. Meanwhile, Canadian investors acquired $2.6 billion of foreign securities, down from a $14.4 billion investment in June.Canadian investors acquired $14.4 billion of foreign securities in June, the largest investment in seven months. Meanwhile, foreign investors increased their holdings of Canadian securities by $12.6 billion, following two months of strong investment.
Friday, September 15, 2023New Motor Vehicle Sales: 7:30amJulyNew motor vehicle sales totaled 147,401 in July, compared to 168,590 in the prior-year month. Motor vehicle sales totaled 165,400 in June, compared to 165,600 in the prior-year month.
Monday, September 18, 2023Housing Starts: 8:15amAugHousing starts in Canada fell by 1% over a month earlier to 252,787 units in August 2023, above market expectations of 247,100 units, according to the Canada Mortgage and Housing Corporation.Canada Mortgage and Housing Corporation says housing starts fell sharply in July to 255,000, from June's 281,573.
Monday, September 18, 2023Raw Materials Price Index: 8:30amAugThe Raw Materials Price Index increased 3.0% on a monthly basis in August and posted a 4.3% year-over-year decline.The index rose 3.5% month over month in July and was 11.1% lower compared with July 2022.
Monday, September 18, 2023Industrial Product Price Index: 8:30amAugThe Industrial Product Price Index rose 1.3% month over month in August and fell 0.5% year over year.The index increased 0.4% month over month and fell 2.7% year over year.
Tuesday, September 19, 2023Consumer Price Index: 8:30amAugCPI rose 4.0% on a year-over-year basis in August, following a 3.3% increase in July. On a seasonally adjusted monthly basis, the CPI rose 0.6% in August.The Consumer Price Index (CPI) rose 3.3% on a year-over-year basis in July, following a 2.8% increase in June. On a seasonally adjusted monthly basis, the CPI rose 0.5% in July.
Thursday, September 21, 2023New Housing Price Index: 8:30amAugThe national index edged up by 0.1% month over month in August. Prices were unchanged in 16 of the 27 census metropolitan areas (CMAs) surveyed, up in 5 and down in 6 CMAs.The national index edged down by 0.1% month over month in July, following two months of growth. Of the 27 census metropolitan areas (CMAs) surveyed in July, prices were unchanged in 12, down in 8 and up in 7.
Friday, September 22, 2023Retail Trade: 8:30amJulyRetail sales increased 0.3% to $66.1 billion in July.Retail sales increased 0.1% to $65.9 billion in June.
Thursday, September 28, 2023Payroll Employment, Earnings and Hours: 8:30amJuly---The number of employees receiving pay and benefits from their employer—measured as "payroll employees" in the Survey of Employment, Payrolls and Hours—increased by 47,700 (+0.3%) in June
Friday, September 29, 2023GDP: 8:30amJuly---Real gross domestic product was nearly unchanged in the second quarter, following a 0.6% rise in the first quarter. On a monthly basis, GDP declined 0.2% in June
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Friday, September 1, 2023

    For: Aug

    Current Month:
    The index registered 48.0 last month, in contrast with a forecast of 49.2 and with last August" reading of 49.6.

    Previous Month:
    The index posted below the 50.0 no-change mark for a third month running in July. However, rising to 49.6, from 48.8 in June, the headline index pointed to the slowest deterioration in operating conditions in the current contractionary sequence.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, September 6, 2023

    For: Sept

    Current 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 also continuing its policy of quantitative tightening.

    Previous Month:
    The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.
  • Canadian International Merchandise Trade: 8:30am

    Wednesday, September 6, 2023

    For: July

    Current Month:
    In July, Canada's merchandise imports decreased 5.4%, while exports were up 0.7%. As a result, Canada's merchandise trade deficit with the world narrowed from a revised $4.9 billion in June to $987 million in July.

    Previous Month:
    In June, Canada's merchandise exports decreased 2.2%, while imports were down 0.5%. As a result, Canada's merchandise trade deficit with the world widened from $2.7 billion in May to $3.7 billion in June.
  • IVEY Purchasing Managers Index: 10:00am

    Thursday, September 7, 2023

    For: Aug

    Current Month:
    The index measured 53.5 in August, compared to 48.6 in July and 53.5 in August 2022.

    Previous Month:
    The index measured 48.6 in July, compared to 50.2 in June and 57 in July 2022.
  • Building Permits: 8:30am

    Thursday, September 7, 2023

    For: July

    Current Month:
    The total monthly value of building permits in Canada declined 1.5% in July to $11.7 billion.

    Previous Month:
    The total monthly value of building permits in Canada increased 6.1% in June to $11.6 billion.
  • Labour Force Survey: 8:30am

    Friday, September 8, 2023

    For: Aug

    Current Month:
    Employment rose by 40,000 (+0.2%) in August. The unemployment rate was unchanged at 5.5%, following three consecutive monthly increases in May, June and July.

    Previous Month:
    Employment was little changed in July (-6,000; -0.0%). The unemployment rate increased 0.1 percentage points to 5.5%, marking the third consecutive monthly increase.
  • Wholesale Trade: 8:30am

    Thursday, September 14, 2023

    For: July

    Current Month:
    Wholesale sales grew 0.2% to $81.3 billion in July.

    Previous Month:
    Wholesale sales fell 2.8% to $80.5 billion in June.
  • CREAstats - MLS Sales: 8:30am

    Friday, September 15, 2023

    For: Aug

    Current Month:
    National home sales declined 4.1% month-over-month in August. Actual (not seasonally adjusted) monthly activity came in 5.3% above August 2022.

    Previous Month:
    National home sales edged down 0.7% month-over-month in July. Actual (not seasonally adjusted) monthly activity came in 8.7% above July 2022.
  • Monthly Survey of Manufacturing: 8:30am

    Friday, September 15, 2023

    For: July

    Current Month:
    Manufacturing sales increased 1.6% in July, mainly on higher sales of food products, petroleum and coal products and transportation equipment.

    Previous Month:
    Manufacturing sales declined 1.7% in June, mainly on lower sales of petroleum and coal products, chemicals, and machinery.
  • Canada's International Transactions in Securities: 8:30am

    Friday, September 15, 2023

    For: July

    Current Month:
    Foreign investment in Canadian securities totalled $11.6 billion in July, a fourth consecutive month of strong investment. Meanwhile, Canadian investors acquired $2.6 billion of foreign securities, down from a $14.4 billion investment in June.

    Previous Month:
    Canadian investors acquired $14.4 billion of foreign securities in June, the largest investment in seven months. Meanwhile, foreign investors increased their holdings of Canadian securities by $12.6 billion, following two months of strong investment.
  • New Motor Vehicle Sales: 7:30am

    Friday, September 15, 2023

    For: July

    Current Month:
    New motor vehicle sales totaled 147,401 in July, compared to 168,590 in the prior-year month.

    Previous Month:
    Motor vehicle sales totaled 165,400 in June, compared to 165,600 in the prior-year month.
  • Housing Starts: 8:15am

    Monday, September 18, 2023

    For: Aug

    Current Month:
    Housing starts in Canada fell by 1% over a month earlier to 252,787 units in August 2023, above market expectations of 247,100 units, according to the Canada Mortgage and Housing Corporation.

    Previous Month:
    Canada Mortgage and Housing Corporation says housing starts fell sharply in July to 255,000, from June's 281,573.
  • Raw Materials Price Index: 8:30am

    Monday, September 18, 2023

    For: Aug

    Current Month:
    The Raw Materials Price Index increased 3.0% on a monthly basis in August and posted a 4.3% year-over-year decline.

    Previous Month:
    The index rose 3.5% month over month in July and was 11.1% lower compared with July 2022.
  • Industrial Product Price Index: 8:30am

    Monday, September 18, 2023

    For: Aug

    Current Month:
    The Industrial Product Price Index rose 1.3% month over month in August and fell 0.5% year over year.

    Previous Month:
    The index increased 0.4% month over month and fell 2.7% year over year.
  • Consumer Price Index: 8:30am

    Tuesday, September 19, 2023

    For: Aug

    Current Month:
    CPI rose 4.0% on a year-over-year basis in August, following a 3.3% increase in July. On a seasonally adjusted monthly basis, the CPI rose 0.6% in August.

    Previous Month:
    The Consumer Price Index (CPI) rose 3.3% on a year-over-year basis in July, following a 2.8% increase in June. On a seasonally adjusted monthly basis, the CPI rose 0.5% in July.
  • New Housing Price Index: 8:30am

    Thursday, September 21, 2023

    For: Aug

    Current Month:
    The national index edged up by 0.1% month over month in August. Prices were unchanged in 16 of the 27 census metropolitan areas (CMAs) surveyed, up in 5 and down in 6 CMAs.

    Previous Month:
    The national index edged down by 0.1% month over month in July, following two months of growth. Of the 27 census metropolitan areas (CMAs) surveyed in July, prices were unchanged in 12, down in 8 and up in 7.
  • Retail Trade: 8:30am

    Friday, September 22, 2023

    For: July

    Current Month:
    Retail sales increased 0.3% to $66.1 billion in July.

    Previous Month:
    Retail sales increased 0.1% to $65.9 billion in June.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, September 28, 2023

    For: July

    Current Month:
    ---

    Previous Month:
    The number of employees receiving pay and benefits from their employer—measured as "payroll employees" in the Survey of Employment, Payrolls and Hours—increased by 47,700 (+0.3%) in June
  • GDP: 8:30am

    Friday, September 29, 2023

    For: July

    Current Month:
    ---

    Previous Month:
    Real gross domestic product was nearly unchanged in the second quarter, following a 0.6% rise in the first quarter. On a monthly basis, GDP declined 0.2% in June