Canadian Economic Calendar - February 2023

DateStatisticForCurrent MonthPrevious Month
Wednesday, February 1, 2023Markit Canada Manufacturing PMI 9:30 a.m. JanThe seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index recorded 51.0 in January, up from 49.2 at the end of 2022. In December, the IHS Markit Manufacturing Purchasing Managers’ Index (PMI) dipped to 56.5 from November’s 57.2.
Thursday, February 2, 2023Building Permits: 8:30amDecThe monthly total seasonally adjusted value of building permits in Canada decreased 7.3% in December to $10.3 billion. The total value of building permits in Canada jumped 14.1% in November to $11.0 billion, rebounding after two consecutive monthly losses.
Monday, February 6, 2023IVEY Purchasing Managers Index: 10:00amJanThe index climbed last month to 60.1 from December's 49.3, and a reading of 64.9 in January.The seasonally adjusted PMI fell to 49.3 last month from 51.4 in November, its lowest level since April 2020 and well below the 50 threshold that indicates a decrease in activity.
Tuesday, February 7, 2023Canadian International Merchandise Trade: 8:30amDecIn December, Canada's merchandise exports decreased 1.2%, while imports were down 1.3%. As a result, Canada's merchandise trade deficit with the world narrowed from $219 million in November to $160 million in December.In November, Canada's merchandise exports decreased 2.3%, while imports were down 2.1%. As a result, Canada's merchandise trade balance with the world went from a surplus of $130 million in October to a deficit of $41 million in November.
Friday, February 10, 2023Labour Force Survey: 8:30amJan---Employment rose by 104,000 (+0.5%) in December, and the unemployment rate declined 0.1 percentage points to 5.0%.
Tuesday, February 14, 2023New Motor Vehicle Sales: 7:30amDec---New motor vehicle sales totaled 123,874 units in November, reflecting a decrease of 6.3% monthly, and 5.5% year-on-year.
Wednesday, February 15, 2023Housing Starts: 8:15amJan---The standalone monthly SAAR of total housing starts for all areas in Canada declined 5% in December (248,625 units) compared to November (263,022 units). The SAAR of total urban starts also declined 5%, with 227,708 units recorded in December. Multi-unit urban starts decreased 4% to 182,850 units, while single-detached urban starts fell 11% to 44,858 units.
Wednesday, February 15, 2023Wholesale Trade: 8:30amDec---Wholesale sales rose 0.5% to $83.8 billion in November
Wednesday, February 15, 2023CREAstats - MLS Sales: 8:30amJan---National home sales rose 1.3% month-over-month in December. Actual (not seasonally adjusted) monthly activity came in 39.1% below December 2021.
Wednesday, February 15, 2023Monthly Survey of Manufacturing: 8:30amDec---Manufacturing sales were unchanged in November with higher sales in the motor vehicle and fabricated metal industries offset by lower sales in the chemical and petroleum and coal product industries.
Friday, February 17, 2023Raw Materials Price Index: 8:30amJan---The index fell 3.1% on a monthly basis in December and increased 7.5% year over year.
Friday, February 17, 2023Industrial Product Price Index: 8:30amJan---In December, the index declined 1.1% month over month and was up 7.6% year over year.
Friday, February 17, 2023Canada's International Transactions in Securities: 8:30amDec---Canadian acquisitions of foreign securities totalled $14.1 billion in November, the largest investment since April. Meanwhile, non-resident investors purchased $12.8 billion of Canadian securities, up from a $9.1 billion investment in October.
Tuesday, February 21, 2023Retail Trade: 8:30amDec---Retail sales decreased 0.1% to $61.8 billion in November.
Tuesday, February 21, 2023New Housing Price Index: 8:30amJan---Nationally, prices were unchanged in December following three months of declines.
Tuesday, February 21, 2023Consumer Price Index: 8:30amJan---The Consumer Price Index (CPI) rose 6.3% on a year-over-year basis in December, following a 6.8% increase in November. On a seasonally adjusted monthly basis, the CPI fell 0.1% in December.
Thursday, February 23, 2023Payroll Employment, Earnings and Hours: 8:30amDec---The number of employees receiving pay or benefits from their employer—measured as "payroll employees" in the Survey of Employment, Payrolls and Hours—remained essentially unchanged in November (+7,100).
Tuesday, February 28, 2023GDP: 8:30amDec---Real gross domestic product edged up 0.1% in November as growth in services-producing industries was partially offset by declines in goods-producing industries.
Wednesday, March 8, 2023BoC Interest Rate Decision: 10:00amMar---The Bank of Canada today increased its target for the overnight rate to 4.5%, with the Bank Rate at 4.5% and the deposit rate at 4.5%.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Wednesday, February 1, 2023

    For: Jan

    Current Month:
    The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index recorded 51.0 in January, up from 49.2 at the end of 2022.

    Previous Month:
    In December, the IHS Markit Manufacturing Purchasing Managers’ Index (PMI) dipped to 56.5 from November’s 57.2.
  • Building Permits: 8:30am

    Thursday, February 2, 2023

    For: Dec

    Current Month:
    The monthly total seasonally adjusted value of building permits in Canada decreased 7.3% in December to $10.3 billion.

    Previous Month:
    The total value of building permits in Canada jumped 14.1% in November to $11.0 billion, rebounding after two consecutive monthly losses.
  • IVEY Purchasing Managers Index: 10:00am

    Monday, February 6, 2023

    For: Jan

    Current Month:
    The index climbed last month to 60.1 from December's 49.3, and a reading of 64.9 in January.

    Previous Month:
    The seasonally adjusted PMI fell to 49.3 last month from 51.4 in November, its lowest level since April 2020 and well below the 50 threshold that indicates a decrease in activity.
  • Canadian International Merchandise Trade: 8:30am

    Tuesday, February 7, 2023

    For: Dec

    Current Month:
    In December, Canada's merchandise exports decreased 1.2%, while imports were down 1.3%. As a result, Canada's merchandise trade deficit with the world narrowed from $219 million in November to $160 million in December.

    Previous Month:
    In November, Canada's merchandise exports decreased 2.3%, while imports were down 2.1%. As a result, Canada's merchandise trade balance with the world went from a surplus of $130 million in October to a deficit of $41 million in November.
  • Labour Force Survey: 8:30am

    Friday, February 10, 2023

    For: Jan

    Current Month:
    ---

    Previous Month:
    Employment rose by 104,000 (+0.5%) in December, and the unemployment rate declined 0.1 percentage points to 5.0%.
  • New Motor Vehicle Sales: 7:30am

    Tuesday, February 14, 2023

    For: Dec

    Current Month:
    ---

    Previous Month:
    New motor vehicle sales totaled 123,874 units in November, reflecting a decrease of 6.3% monthly, and 5.5% year-on-year.
  • Housing Starts: 8:15am

    Wednesday, February 15, 2023

    For: Jan

    Current Month:
    ---

    Previous Month:
    The standalone monthly SAAR of total housing starts for all areas in Canada declined 5% in December (248,625 units) compared to November (263,022 units). The SAAR of total urban starts also declined 5%, with 227,708 units recorded in December. Multi-unit urban starts decreased 4% to 182,850 units, while single-detached urban starts fell 11% to 44,858 units.
  • Wholesale Trade: 8:30am

    Wednesday, February 15, 2023

    For: Dec

    Current Month:
    ---

    Previous Month:
    Wholesale sales rose 0.5% to $83.8 billion in November
  • CREAstats - MLS Sales: 8:30am

    Wednesday, February 15, 2023

    For: Jan

    Current Month:
    ---

    Previous Month:
    National home sales rose 1.3% month-over-month in December. Actual (not seasonally adjusted) monthly activity came in 39.1% below December 2021.
  • Monthly Survey of Manufacturing: 8:30am

    Wednesday, February 15, 2023

    For: Dec

    Current Month:
    ---

    Previous Month:
    Manufacturing sales were unchanged in November with higher sales in the motor vehicle and fabricated metal industries offset by lower sales in the chemical and petroleum and coal product industries.
  • Raw Materials Price Index: 8:30am

    Friday, February 17, 2023

    For: Jan

    Current Month:
    ---

    Previous Month:
    The index fell 3.1% on a monthly basis in December and increased 7.5% year over year.
  • Industrial Product Price Index: 8:30am

    Friday, February 17, 2023

    For: Jan

    Current Month:
    ---

    Previous Month:
    In December, the index declined 1.1% month over month and was up 7.6% year over year.
  • Canada's International Transactions in Securities: 8:30am

    Friday, February 17, 2023

    For: Dec

    Current Month:
    ---

    Previous Month:
    Canadian acquisitions of foreign securities totalled $14.1 billion in November, the largest investment since April. Meanwhile, non-resident investors purchased $12.8 billion of Canadian securities, up from a $9.1 billion investment in October.
  • Retail Trade: 8:30am

    Tuesday, February 21, 2023

    For: Dec

    Current Month:
    ---

    Previous Month:
    Retail sales decreased 0.1% to $61.8 billion in November.
  • New Housing Price Index: 8:30am

    Tuesday, February 21, 2023

    For: Jan

    Current Month:
    ---

    Previous Month:
    Nationally, prices were unchanged in December following three months of declines.
  • Consumer Price Index: 8:30am

    Tuesday, February 21, 2023

    For: Jan

    Current Month:
    ---

    Previous Month:
    The Consumer Price Index (CPI) rose 6.3% on a year-over-year basis in December, following a 6.8% increase in November. On a seasonally adjusted monthly basis, the CPI fell 0.1% in December.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, February 23, 2023

    For: Dec

    Current Month:
    ---

    Previous Month:
    The number of employees receiving pay or benefits from their employer—measured as "payroll employees" in the Survey of Employment, Payrolls and Hours—remained essentially unchanged in November (+7,100).
  • GDP: 8:30am

    Tuesday, February 28, 2023

    For: Dec

    Current Month:
    ---

    Previous Month:
    Real gross domestic product edged up 0.1% in November as growth in services-producing industries was partially offset by declines in goods-producing industries.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, March 8, 2023

    For: Mar

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today increased its target for the overnight rate to 4.5%, with the Bank Rate at 4.5% and the deposit rate at 4.5%.