Canadian Economic Calendar - May 2018

DateStatisticForCurrent MonthPrevious Month
Tuesday, May 01, 2018Markit Canada Manufacturing PMI: 9:30 amAprThe IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI™) posted 55.5 in April, little changed from 55.7 in March and well above the neutral 50.0 threshold. The IHS Markit Purchasing Managers Index registered 55.7 in March, little changed from 55.6 in February and above the neutral 50.0 threshold for the 25th consecutive month.
Tuesday, May 01, 2018GDP: 8:30amFebAfter a slight decline in January, real gross domestic product rose 0.4% in FebruaryGDP edged down 0.1% in January, offsetting part of the 0.2% growth in December.
Thursday, May 03, 2018Canadian International Merchandise Trade: 8:30amMarCanada's imports rose 6.0% to a record $51.7 billion in March. Exports also increased, up 3.7% to $47.6 billion. As a result, Canada's merchandise trade deficit with the world widened from $2.9 billion in February to a record $4.1 billion in March.Canada's merchandise trade deficit totaled $2.7 billion in February, widening from a $1.9-billion deficit in January. Imports rose 1.9% and exports increased 0.4%.
Friday, May 04, 2018IVEY Purchasing Managers Index: 10:00amAprThe Ivey Purchasing Manager's Index (seasonally adjusted) for April stands at 71.5, indicating that purchases were greater than the previous month. That compares with 59.8 in March, and with 62.4 in April The index measured 59.8 in March, in contrast to a reading of 59.6 in February, and 61.1 in March 2017. A reading above 50 indicates an increase in the pace of activity.
Tuesday, May 08, 2018Housing Starts: 8:15amAprCanada Mortgage and Housing Corporation said housing starts were at an annual rate of 214,379 in April, down from March's 225,213. Canada Mortgage and Housing Corporation's seasonally-adjusted annual rate of starts declined to 225,213 in March from February’s upwardly revised 231,026. Economists had forecast starts would decline to 218,000 homes.
Wednesday, May 09, 2018Building Permits: 8:30amMarThe value of building permits issued by Canadian municipalities increased 3.1% to $8.4 billion in March, following a 2.8% decline in FebruaryCanadian municipalities issued $8.2 billion in building permits in February (-2.6%), following a 5.2% gain in January. Single-family homes as well as the commercial and institutional components saw lower levels of construction intentions in February.
Thursday, May 10, 2018New Housing Price Index: 8:30amMarIn March, new house prices for Canada were unchanged, reflecting mixed results across the country. Rising prices in 13 census metropolitan areas (CMAs) were offset by flat or declining prices in the other 14 surveyed CMAsLower prices for new homes in Toronto were the main reason for a national price decline in February. Following two consecutive months of no change, new home prices were down 0.2% nationally.
Friday, May 11, 2018Labour Force Survey: 8:30amAprEmployment was essentially unchanged in April and the unemployment rate held steady at 5.8%Employment increased by 32,000 in March, driven by full-time gains. The unemployment rate was unchanged at 5.8%.
Tuesday, May 15, 2018CREAstats - MLS Sales: 8:30amAprNational home sales fell 2.9% from March to April. Actual (not seasonally-adjusted) activity was down 13.9% from April 2017.Home sales via Canadian MLS® Systems edged up 1.3 % from February to March 2018. Despite having improved marginally in March, national sales activity in the first quarter slid to the lowest quarterly level since the first quarter of 2014.
Wednesday, May 16, 2018Monthly Survey of Manufacturing: 8:30amMarManufacturing sales rose 1.4% to $57.1 billion in MarchManufacturing sales increased 1.9% to $55.8 billion in February, following two consecutive monthly decreases.
Thursday, May 17, 2018Canada's International Transactions in Securities: 8:30amMarForeign investment in Canadian securities amounted to $6.1 billion in March, led by acquisitions of money market instruments. At the same time, Canadian investors reduced their holdings of foreign securities by $1.9 billion, the first divestment in four months.Foreign investment in Canadian securities totaled $4.0 billion in February, down from $5.6 billion in January. Meanwhile, Canadian investment in foreign securities slowed to $6.3 billion, following two months of strong acquisitions.
Friday, May 18, 2018Consumer Price Index: 8:30amAprThe Consumer Price Index rose 2.2% on a year-over-year basis in April, following a 2.3% increase in March. On a seasonally adjusted monthly basis, the Consumer Price Index was up 0.1% in April, matching the increase in March.The Consumer Price Index rose 2.3% on a year-over-year basis in March, following a 2.2% increase in February. On a seasonally adjusted monthly basis, the Consumer Price Index was up 0.1% in March, after increasing 0.2% in February.
Friday, May 18, 2018Retail Trade: 8:30amMarRetail sales increased for the third consecutive month in March, rising 0.6% to $50.2 billion. Retail sales increased 0.4% in February to $49.8 billion. Higher sales at new car dealers and general merchandise stores were the main contributors to the gain.
Tuesday, May 22, 2018Wholesale Trade: 8:30amMarWholesale sales rose 1.1% to $62.8 billion in March, more than offsetting the decline in February. The motor vehicle and parts sub-sector contributed the most to the gain.Wholesale sales declined 0.8% to $62.8 billion in February, the largest downward movement and the second monthly drop since September 2017.
Thursday, May 24, 2018Employment Insurance: 8:30amMarIn March, 471,500 people received regular Employment Insurance benefits, down 7,300 (-1.5%) from February. The number of regular Employment Insurance beneficiaries decreased by 11,300 or 2.3% in February to 480,200, the lowest level since comparable data became available in 1997.
Wednesday, May 30, 2018Industrial Product Price Index: 8:30amApr---The Industrial Product Price Index increased 0.8% in March
Wednesday, May 30, 2018Raw Materials Price Index: 8:30amApr---The Raw Materials Price Index rose 2.1%, primarily due to higher prices for crude energy products.
Wednesday, May 30, 2018BoC Rate Announcement: 10amMay---The Bank of Canada today maintained its target for the overnight rate at 1.25%. The Bank Rate is correspondingly 1.5% and the deposit rate is 1%.
Thursday, May 31, 2018Average Weekly EarningsMar---Average weekly earnings of non-farm payroll employees were $997 in February, little changed from the previous month. Earnings were up 3.4% compared with 12 months earlier, largely the result of gains in the second half of 2017.
  • Markit Canada Manufacturing PMI: 9:30 am

    Tuesday, May 01, 2018

    For: Apr

    Current Month:
    The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI™) posted 55.5 in April, little changed from 55.7 in March and well above the neutral 50.0 threshold.

    Previous Month:
    The IHS Markit Purchasing Managers Index registered 55.7 in March, little changed from 55.6 in February and above the neutral 50.0 threshold for the 25th consecutive month.
  • GDP: 8:30am

    Tuesday, May 01, 2018

    For: Feb

    Current Month:
    After a slight decline in January, real gross domestic product rose 0.4% in February

    Previous Month:
    GDP edged down 0.1% in January, offsetting part of the 0.2% growth in December.
  • Canadian International Merchandise Trade: 8:30am

    Thursday, May 03, 2018

    For: Mar

    Current Month:
    Canada's imports rose 6.0% to a record $51.7 billion in March. Exports also increased, up 3.7% to $47.6 billion. As a result, Canada's merchandise trade deficit with the world widened from $2.9 billion in February to a record $4.1 billion in March.

    Previous Month:
    Canada's merchandise trade deficit totaled $2.7 billion in February, widening from a $1.9-billion deficit in January. Imports rose 1.9% and exports increased 0.4%.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, May 04, 2018

    For: Apr

    Current Month:
    The Ivey Purchasing Manager's Index (seasonally adjusted) for April stands at 71.5, indicating that purchases were greater than the previous month. That compares with 59.8 in March, and with 62.4 in April

    Previous Month:
    The index measured 59.8 in March, in contrast to a reading of 59.6 in February, and 61.1 in March 2017. A reading above 50 indicates an increase in the pace of activity.
  • Housing Starts: 8:15am

    Tuesday, May 08, 2018

    For: Apr

    Current Month:
    Canada Mortgage and Housing Corporation said housing starts were at an annual rate of 214,379 in April, down from March's 225,213.

    Previous Month:
    Canada Mortgage and Housing Corporation's seasonally-adjusted annual rate of starts declined to 225,213 in March from February’s upwardly revised 231,026. Economists had forecast starts would decline to 218,000 homes.
  • Building Permits: 8:30am

    Wednesday, May 09, 2018

    For: Mar

    Current Month:
    The value of building permits issued by Canadian municipalities increased 3.1% to $8.4 billion in March, following a 2.8% decline in February

    Previous Month:
    Canadian municipalities issued $8.2 billion in building permits in February (-2.6%), following a 5.2% gain in January. Single-family homes as well as the commercial and institutional components saw lower levels of construction intentions in February.
  • New Housing Price Index: 8:30am

    Thursday, May 10, 2018

    For: Mar

    Current Month:
    In March, new house prices for Canada were unchanged, reflecting mixed results across the country. Rising prices in 13 census metropolitan areas (CMAs) were offset by flat or declining prices in the other 14 surveyed CMAs

    Previous Month:
    Lower prices for new homes in Toronto were the main reason for a national price decline in February. Following two consecutive months of no change, new home prices were down 0.2% nationally.
  • Labour Force Survey: 8:30am

    Friday, May 11, 2018

    For: Apr

    Current Month:
    Employment was essentially unchanged in April and the unemployment rate held steady at 5.8%

    Previous Month:
    Employment increased by 32,000 in March, driven by full-time gains. The unemployment rate was unchanged at 5.8%.
  • CREAstats - MLS Sales: 8:30am

    Tuesday, May 15, 2018

    For: Apr

    Current Month:
    National home sales fell 2.9% from March to April. Actual (not seasonally-adjusted) activity was down 13.9% from April 2017.

    Previous Month:
    Home sales via Canadian MLS® Systems edged up 1.3 % from February to March 2018. Despite having improved marginally in March, national sales activity in the first quarter slid to the lowest quarterly level since the first quarter of 2014.
  • Monthly Survey of Manufacturing: 8:30am

    Wednesday, May 16, 2018

    For: Mar

    Current Month:
    Manufacturing sales rose 1.4% to $57.1 billion in March

    Previous Month:
    Manufacturing sales increased 1.9% to $55.8 billion in February, following two consecutive monthly decreases.
  • Canada's International Transactions in Securities: 8:30am

    Thursday, May 17, 2018

    For: Mar

    Current Month:
    Foreign investment in Canadian securities amounted to $6.1 billion in March, led by acquisitions of money market instruments. At the same time, Canadian investors reduced their holdings of foreign securities by $1.9 billion, the first divestment in four months.

    Previous Month:
    Foreign investment in Canadian securities totaled $4.0 billion in February, down from $5.6 billion in January. Meanwhile, Canadian investment in foreign securities slowed to $6.3 billion, following two months of strong acquisitions.
  • Consumer Price Index: 8:30am

    Friday, May 18, 2018

    For: Apr

    Current Month:
    The Consumer Price Index rose 2.2% on a year-over-year basis in April, following a 2.3% increase in March. On a seasonally adjusted monthly basis, the Consumer Price Index was up 0.1% in April, matching the increase in March.

    Previous Month:
    The Consumer Price Index rose 2.3% on a year-over-year basis in March, following a 2.2% increase in February. On a seasonally adjusted monthly basis, the Consumer Price Index was up 0.1% in March, after increasing 0.2% in February.
  • Retail Trade: 8:30am

    Friday, May 18, 2018

    For: Mar

    Current Month:
    Retail sales increased for the third consecutive month in March, rising 0.6% to $50.2 billion.

    Previous Month:
    Retail sales increased 0.4% in February to $49.8 billion. Higher sales at new car dealers and general merchandise stores were the main contributors to the gain.
  • Wholesale Trade: 8:30am

    Tuesday, May 22, 2018

    For: Mar

    Current Month:
    Wholesale sales rose 1.1% to $62.8 billion in March, more than offsetting the decline in February. The motor vehicle and parts sub-sector contributed the most to the gain.

    Previous Month:
    Wholesale sales declined 0.8% to $62.8 billion in February, the largest downward movement and the second monthly drop since September 2017.
  • Employment Insurance: 8:30am

    Thursday, May 24, 2018

    For: Mar

    Current Month:
    In March, 471,500 people received regular Employment Insurance benefits, down 7,300 (-1.5%) from February.

    Previous Month:
    The number of regular Employment Insurance beneficiaries decreased by 11,300 or 2.3% in February to 480,200, the lowest level since comparable data became available in 1997.
  • Industrial Product Price Index: 8:30am

    Wednesday, May 30, 2018

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index increased 0.8% in March
  • Raw Materials Price Index: 8:30am

    Wednesday, May 30, 2018

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index rose 2.1%, primarily due to higher prices for crude energy products.
  • BoC Rate Announcement: 10am

    Wednesday, May 30, 2018

    For: May

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today maintained its target for the overnight rate at 1.25%. The Bank Rate is correspondingly 1.5% and the deposit rate is 1%.
  • Average Weekly Earnings

    Thursday, May 31, 2018

    For: Mar

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $997 in February, little changed from the previous month. Earnings were up 3.4% compared with 12 months earlier, largely the result of gains in the second half of 2017.