Canadian Economic Calendar - September 2017

DateStatisticForCurrent MonthPrevious Month
Friday, September 01, 2017Markit Canada Manufacturing PMI: 9:30amAugThe IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI™) registered 54.6 in August, to remain above the neutral 50.0 threshold for the 18th consecutive month, down slightly from 55.5 in JulyThe Markit Canada Manufacturing Purchasing Managers' index (PMI), a measure of manufacturing business conditions, rose to a seasonally adjusted 55.5 last month from 54.7. A reading above 50 shows growth in the sector.
Wednesday, September 06, 2017BoC Rate Announcement (10 a.m. ET)SeptThe Bank of Canada is raising its target for the overnight rate to 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75%---
Wednesday, September 06, 2017Canadian International Merchandise Trade: 8:30amJulyCanada's merchandise trade deficit totaled $3.0 billion in July, narrowing from a $3.8-billion deficit in June. Imports fell 6.0% while exports decreased 4.9%.Canada's merchandise trade balance with the world posted a $3.6 billion deficit in June, widening from a $1.4 billion deficit in May. Exports fell 4.3% while imports edged up 0.3%
Thursday, September 07, 2017Building Permits: 8:30amJulyCanadian municipalities issued $7.9 billion worth of building permits in July, down 3.5% from June and the first decrease since March 2017Canadian municipalities issued $8.1 billion worth of building permits in June, up 2.5% from May and the second highest value on record.
Thursday, September 07, 2017IVEY Purchasing Managers Index: 10:00amAugThe IVEY PMI index faded to 56.3 in August from 60 in July, but ahead of a 52.3 reading in August 2016. The IVEY PMI index faded to 60 in July, from June 61.6 and a 57 reading in July 2016.
Friday, September 08, 2017Labour Force Survey: 8:30amAugEmployment was up 22,000 or 0.1% in August. The unemployment rate declined by 0.1 percentage points to 6.2%, matching the most recent low of October 2008, the month prior to the 2008-2009 labour-market downturn.Following two months of notable increases, employment was little changed in July (up 11,000 jobs or 0.1%). As the number of people searching for work edged down, the unemployment rate declined by 0.2 percentage points to 6.3%
Monday, September 11, 2017Housing Starts: 8:15amAugCanada Mortgage and Housing Corp. says the annual pace of housing starts in August increased compared with July. The agency says housing starts came in at a seasonally-adjusted annual rate of 223,232 units for August, up from 221,974 in July.Canada Mortgage and Housing Corporation said the trend in housing starts was 217,550 units in July, compared to 215,175 units in June
Thursday, September 14, 2017New Housing Price Index: 8:30amJulyMarket conditions in Vancouver contributed to ongoing strength in that census metropolitan area, and helped drive new home prices up 0.4% nationally in JulyNew house prices eked up 0.2% nationwide, due largely to lack of momentum on prices in Southern Ontario
Friday, September 15, 2017CREAstats - MLS Sales: 8:30amAugThe Canadian Real Estate Association reported national home sales rose 1.3% from July to August.The Canadian Real Estate Association said national home sales fell 2.1% from June to July.
Monday, September 18, 2017Canada's International Transactions in Securities: 8:30amJulyForeign investment in Canadian securities amounted to $24.0 billion in July, led by record acquisitions of Canadian bonds. At the same time, Canadian investors reduced their holdings of foreign securities by $1.8 billion, following strong acquisitions in June.Foreign investors reduced their holdings of Canadian securities by $923 million in June, the first monthly divestment since July 2015. At the same time, Canadian investment in foreign securities amounted to $13.2 billion, led by acquisitions of equities.
Tuesday, September 19, 2017Monthly Survey of Manufacturing: 8:30amJulyManufacturing sales decreased 2.6% to $52.5 billion in July, following a 1.9% decline in June.Manufacturing sales fell 1.8% to $53.9 billion in June, following three consecutive monthly gains.
Thursday, September 21, 2017Wholesale Trade: 8:30amJulyWholesale sales rose 1.5% to $62.4 billion in July, following a 0.6% decline in June. Sales were up in five of the seven sub-sectors, representing 86% of total wholesale sales.Wholesale sales declined 0.5% to $61.4 billion in June following eight consecutive monthly increases. Declines were recorded in five of seven subsectors, led by the food, beverage and tobacco subsector and the motor vehicle and parts subsector.
Thursday, September 21, 2017Employment Insurance: 8:30amJulyIn July, 536,600 people received regular Employment Insurance benefits, up 6,800 (+1.3%) from June. The number of people receiving regular Employment Insurance benefits totaled 517,200 in June, down 7,000, or 1.3%, from May.
Friday, September 22, 2017Consumer Price Index: 8:30amAugThe Consumer Price Index rose 1.4% on a year-over-year basis in August, following a 1.2% increase in July. On a seasonally adjusted monthly basis, CPI was up 0.2% in August, matching the increase in July.The Consumer Price Index (CPI) rose 1.2% on a year-over-year basis in July, following a 1.0% increase in June. On a seasonally adjusted monthly basis, the CPI was up 0.2% in July, after posting no change in June.
Friday, September 22, 2017Retail Trade: 8:30amJulyRetail sales rose 0.4% to $49.1 billion in July. Higher sales at motor vehicle and parts dealers and food and beverage stores were the main contributors to the gain.Retail sales rose for the fourth consecutive month in June, edging up 0.1% to $49.0 billion. Sales were up in 6 of 11 subsectors, representing 38% of total retail trade.
Thursday, September 28, 2017Average Weekly Earnings July---Average weekly earnings of non-farm payroll employees were $974 in June, little changed from the previous month, and up 1.8% compared with 12 months earlier.
Friday, September 29, 2017Industrial Product Price Index: 8:30amAug---The Industrial Product Price Index declined 1.5% in July, mainly due to lower prices for motorized and recreational vehicles.
Friday, September 29, 2017Raw Materials Price Index: 8:30amAug---The Raw Materials Price Index was down 0.6%, mostly attributable to lower prices for metal ores, concentrates and scrap.
Friday, September 29, 2017GDP: 8:30amJuly---Real gross domestic product (GDP) rose 1.1% in the second quarter, following a 0.9% gain in the first quarter. Expressed at an annualized rate, real GDP rose 4.5% in the second quarter.
  • Markit Canada Manufacturing PMI: 9:30am

    Friday, September 01, 2017

    For: Aug

    Current Month:
    The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI™) registered 54.6 in August, to remain above the neutral 50.0 threshold for the 18th consecutive month, down slightly from 55.5 in July

    Previous Month:
    The Markit Canada Manufacturing Purchasing Managers' index (PMI), a measure of manufacturing business conditions, rose to a seasonally adjusted 55.5 last month from 54.7. A reading above 50 shows growth in the sector.
  • BoC Rate Announcement (10 a.m. ET)

    Wednesday, September 06, 2017

    For: Sept

    Current Month:
    The Bank of Canada is raising its target for the overnight rate to 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75%

    Previous Month:
    ---
  • Canadian International Merchandise Trade: 8:30am

    Wednesday, September 06, 2017

    For: July

    Current Month:
    Canada's merchandise trade deficit totaled $3.0 billion in July, narrowing from a $3.8-billion deficit in June. Imports fell 6.0% while exports decreased 4.9%.

    Previous Month:
    Canada's merchandise trade balance with the world posted a $3.6 billion deficit in June, widening from a $1.4 billion deficit in May. Exports fell 4.3% while imports edged up 0.3%
  • Building Permits: 8:30am

    Thursday, September 07, 2017

    For: July

    Current Month:
    Canadian municipalities issued $7.9 billion worth of building permits in July, down 3.5% from June and the first decrease since March 2017

    Previous Month:
    Canadian municipalities issued $8.1 billion worth of building permits in June, up 2.5% from May and the second highest value on record.
  • IVEY Purchasing Managers Index: 10:00am

    Thursday, September 07, 2017

    For: Aug

    Current Month:
    The IVEY PMI index faded to 56.3 in August from 60 in July, but ahead of a 52.3 reading in August 2016.

    Previous Month:
    The IVEY PMI index faded to 60 in July, from June 61.6 and a 57 reading in July 2016.
  • Labour Force Survey: 8:30am

    Friday, September 08, 2017

    For: Aug

    Current Month:
    Employment was up 22,000 or 0.1% in August. The unemployment rate declined by 0.1 percentage points to 6.2%, matching the most recent low of October 2008, the month prior to the 2008-2009 labour-market downturn.

    Previous Month:
    Following two months of notable increases, employment was little changed in July (up 11,000 jobs or 0.1%). As the number of people searching for work edged down, the unemployment rate declined by 0.2 percentage points to 6.3%
  • Housing Starts: 8:15am

    Monday, September 11, 2017

    For: Aug

    Current Month:
    Canada Mortgage and Housing Corp. says the annual pace of housing starts in August increased compared with July. The agency says housing starts came in at a seasonally-adjusted annual rate of 223,232 units for August, up from 221,974 in July.

    Previous Month:
    Canada Mortgage and Housing Corporation said the trend in housing starts was 217,550 units in July, compared to 215,175 units in June
  • New Housing Price Index: 8:30am

    Thursday, September 14, 2017

    For: July

    Current Month:
    Market conditions in Vancouver contributed to ongoing strength in that census metropolitan area, and helped drive new home prices up 0.4% nationally in July

    Previous Month:
    New house prices eked up 0.2% nationwide, due largely to lack of momentum on prices in Southern Ontario
  • CREAstats - MLS Sales: 8:30am

    Friday, September 15, 2017

    For: Aug

    Current Month:
    The Canadian Real Estate Association reported national home sales rose 1.3% from July to August.

    Previous Month:
    The Canadian Real Estate Association said national home sales fell 2.1% from June to July.
  • Canada's International Transactions in Securities: 8:30am

    Monday, September 18, 2017

    For: July

    Current Month:
    Foreign investment in Canadian securities amounted to $24.0 billion in July, led by record acquisitions of Canadian bonds. At the same time, Canadian investors reduced their holdings of foreign securities by $1.8 billion, following strong acquisitions in June.

    Previous Month:
    Foreign investors reduced their holdings of Canadian securities by $923 million in June, the first monthly divestment since July 2015. At the same time, Canadian investment in foreign securities amounted to $13.2 billion, led by acquisitions of equities.
  • Monthly Survey of Manufacturing: 8:30am

    Tuesday, September 19, 2017

    For: July

    Current Month:
    Manufacturing sales decreased 2.6% to $52.5 billion in July, following a 1.9% decline in June.

    Previous Month:
    Manufacturing sales fell 1.8% to $53.9 billion in June, following three consecutive monthly gains.
  • Wholesale Trade: 8:30am

    Thursday, September 21, 2017

    For: July

    Current Month:
    Wholesale sales rose 1.5% to $62.4 billion in July, following a 0.6% decline in June. Sales were up in five of the seven sub-sectors, representing 86% of total wholesale sales.

    Previous Month:
    Wholesale sales declined 0.5% to $61.4 billion in June following eight consecutive monthly increases. Declines were recorded in five of seven subsectors, led by the food, beverage and tobacco subsector and the motor vehicle and parts subsector.
  • Employment Insurance: 8:30am

    Thursday, September 21, 2017

    For: July

    Current Month:
    In July, 536,600 people received regular Employment Insurance benefits, up 6,800 (+1.3%) from June.

    Previous Month:
    The number of people receiving regular Employment Insurance benefits totaled 517,200 in June, down 7,000, or 1.3%, from May.
  • Consumer Price Index: 8:30am

    Friday, September 22, 2017

    For: Aug

    Current Month:
    The Consumer Price Index rose 1.4% on a year-over-year basis in August, following a 1.2% increase in July. On a seasonally adjusted monthly basis, CPI was up 0.2% in August, matching the increase in July.

    Previous Month:
    The Consumer Price Index (CPI) rose 1.2% on a year-over-year basis in July, following a 1.0% increase in June. On a seasonally adjusted monthly basis, the CPI was up 0.2% in July, after posting no change in June.
  • Retail Trade: 8:30am

    Friday, September 22, 2017

    For: July

    Current Month:
    Retail sales rose 0.4% to $49.1 billion in July. Higher sales at motor vehicle and parts dealers and food and beverage stores were the main contributors to the gain.

    Previous Month:
    Retail sales rose for the fourth consecutive month in June, edging up 0.1% to $49.0 billion. Sales were up in 6 of 11 subsectors, representing 38% of total retail trade.
  • Average Weekly Earnings

    Thursday, September 28, 2017

    For: July

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $974 in June, little changed from the previous month, and up 1.8% compared with 12 months earlier.
  • Industrial Product Price Index: 8:30am

    Friday, September 29, 2017

    For: Aug

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index declined 1.5% in July, mainly due to lower prices for motorized and recreational vehicles.
  • Raw Materials Price Index: 8:30am

    Friday, September 29, 2017

    For: Aug

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index was down 0.6%, mostly attributable to lower prices for metal ores, concentrates and scrap.
  • GDP: 8:30am

    Friday, September 29, 2017

    For: July

    Current Month:
    ---

    Previous Month:
    Real gross domestic product (GDP) rose 1.1% in the second quarter, following a 0.9% gain in the first quarter. Expressed at an annualized rate, real GDP rose 4.5% in the second quarter.