Date | Statistic | For | Current Month | Previous Month |
Friday, March 1, 2024 | Markit Canada Manufacturing PMI 9:30 a.m. | Feb | The S&P Global Canada Manufacturing PMI rose to 49.7 in February of 2024 from 48.3 in the previous month. | The Markit Manufacturing PMI in Canada came in at 48.3 points in January compared to 45.4 in December. |
Wednesday, March 6, 2024 | BoC Interest Rate Decision: 10:00am | Mar | The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. | 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 continuing its policy of quantitative tightening. |
Wednesday, March 6, 2024 | IVEY Purchasing Managers Index: 10:00am | Feb | The index skidded to 53.9 in February from 56.5 in January but rose from February 2023's reading of 51.6. | The index nosed up to 56.5 in January from 56.3 in December, but fell sharply from January 2023'2 reading of 60.1. |
Thursday, March 7, 2024 | Building Permits: 8:30am | Jan | The total monthly value of building permits in Canada increased 13.5% from December to $10.8 billion in January. | The total monthly value of building permits in Canada decreased 14.0% from November to $9.2 billion in December. |
Thursday, March 7, 2024 | Canadian International Merchandise Trade: 8:30am | Jan | In January, Canada's merchandise imports decreased 3.8%, while exports fell 1.7%. As a result, Canada's merchandise trade balance changed position for a second consecutive month, moving from a deficit of $863 million in December to a surplus of $496 million in January. | In December, Canada's merchandise exports decreased 1.9%, while imports edged up 0.2%. As a result, Canada's merchandise trade balance went from a surplus of $1.1 billion in November to a deficit of $312 million in December. |
Friday, March 8, 2024 | Labour Force Survey: 8:30am | Feb | Employment rose by 41,000 in February. The unemployment rate increased 0.1 percentage points to 5.8%, offsetting a decline in January. | Employment increased by 37,000 in January, following three months of little change. The unemployment rate fell 0.1 percentage points to 5.7%, the first decline since December 2022. |
Thursday, March 14, 2024 | Monthly Survey of Manufacturing: 8:30am | Jan | Manufacturing sales rose 0.2% in January, mainly on higher sales of motor vehicles and chemical products. | Manufacturing sales fell 0.7% in December, mainly on lower sales of motor vehicles and chemical products. |
Friday, March 15, 2024 | Canada's International Transactions in Securities: 8:30am | Jan | Foreign investment in Canadian securities amounted to $8.9 billion in January, led by acquisitions of government debt securities. Meanwhile, Canadian investors reduced their holdings of foreign securities by $7.6 billion, led by sales of equity securities. | Canadian investors acquired an unprecedented $29.4 billion of foreign securities in December, led by a record investment in foreign shares. Meanwhile, foreign investment in Canadian securities totalled $10.4 billion, mainly in debt instruments. |
Friday, March 15, 2024 | Housing Starts: 8:15am | Feb | Housing starts totaled 253,000 in February, compared to 223,200 in the same month last year. | Housing starts totaled 223,600 in January, compared to 249,000 in the same month last year. |
Friday, March 15, 2024 | Wholesale Trade: 8:30am | Jan | Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) grew 0.1% to $82.4 billion in January. | Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) grew 0.3% to $82.9 billion in December. |
Monday, March 18, 2024 | Industrial Product Price Index: 8:30am | Feb | The index rose 0.7% on a monthly basis in February and fell 1.7% relative to February 2023. | The index edged down 0.1% month over month in January and was 2.9% lower than in January 2023. |
Monday, March 18, 2024 | Raw Materials Price Index: 8:30am | Feb | The index increased 2.1% month over month in February 2024 and decreased 4.7% year over year. | The index increased 1.2% on a monthly basis in January 2024 and decreased 6.4% year over year. |
Monday, March 18, 2024 | CREAstats - MLS Sales: 8:30am | Feb | Canadian home prices as measured by the seasonally adjusted Aggregate Composite MLS® Home Price Index (HPI) were flat on a month-over-month basis in February 2024, ending a streak of five declines that began last fall. | Home sales activity recorded over Canadian MLS® Systems rose 3.7% between December 2023 and January 2024, building on the 7.9% month-over-month increase recorded the month prior. |
Tuesday, March 19, 2024 | Consumer Price Index: 8:30am | Feb | --- | The Consumer Price Index (CPI) rose 2.9% on a year-over-year basis in January, down from a 3.4% gain in December. On a seasonally adjusted monthly basis, the CPI fell 0.1% in January. |
Wednesday, March 20, 2024 | New Motor Vehicle Sales: 7:30am | Jan | --- | New motor vehicle sales registered at 128,200, compared to 143,700 in the same month the year before. |
Friday, March 22, 2024 | Retail Trade: 8:30am | Jan | --- | Retail sales increased 0.9% to $67.3 billion in December. |
Friday, March 22, 2024 | New Housing Price Index: 8:30am | Feb | --- | The national index edged down 0.1% month over month in January. |
Thursday, March 28, 2024 | Payroll Employment, Earnings and Hours: 8:30am | Jan | --- | The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—increased by 31,600 (+0.2%) in December. On a year-over-year basis, payroll employment was up by 223,500 (+1.3%) in December 2023. |
Thursday, March 28, 2024 | GDP: 8:30am | Jan | --- | Real gross domestic product (GDP) was essentially unchanged in December, following two months of growth, despite 14 of 20 sectors increasing in the month. |