Canadian Economic Calender

April 2014

Thursday,April 03,2014 Canadian international merchandise trade: 8:30am Feb Statistics Canada reported this morning that Canada's merchandise exports grew 3.6% and imports were up 2.1% in February. As a result, our trade balance with the world swung from a deficit of $337 million in January to a surplus of $290 million in February. Canada's merchandise imports declined 1.6% while exports edged up 0.2% in January. As a result, Canada's trade deficit with the world narrowed from $922 million in December to $177 million in January.
Friday,April 04,2014 IVEY purchasing managers index: 10:00am Mar Western University’s Ivey School of Business reported that its Purchasing Managers’ Index stood at 55.2 for March, compared to 57.2 in February and 61.6 for March 2013. The index asks purchasing managers if their buying activity increased or slumped the month before. A figure above 50 shows an increase while below 50 shows a decrease. The Ivey Purchasing Managers Index (PMI) by the end of February 2014 stood at 57.2, ahead of the 56.8 figure for January, 51.1 for February 2013 and 66.5 for February 2012
Friday,April 04,2014 Labour Force Survey: 7:00am Mar Employment increased by 43,000 in March, driven by gains among youths. The unemployment rate declined 0.1 percentage points to 6.9%. Employment was little changed in February, and the unemployment rate remained at 7.0%. There has been little overall employment growth in Canada since August 2013.
Tuesday,April 08,2014 Building Permits: 8:30am Feb Municipalities issued building permits worth $6.1 billion in February, down 11.6% from January. This decrease followed an 8.1% gain the previous month and was mainly driven by lower construction intentions for multi-family dwellings in all provinces. The total value of building permits issued by Canadian municipalities rose 8.5% to $7.0 billion in January, following a 4.8% decrease in December.
Tuesday,April 08,2014 Housing Starts: 8:15am Mar Housing starts in Canada were trending at 184,476 units in March compared to 191,126 in February, according to Canada Mortgage and Housing Corporation (CMHC). Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts rose to 192,094 units last month from a upwardly revised 180,481 in January, topping economists' forecast for 189,500.
Thursday,April 10,2014 New Housing Price Index: 8:30am Feb The New Housing Price Index rose 0.2% in February, following a 0.3% increase in January. The New Housing Price Index rose 0.3% in January, following a 0.1% gain in December. The national increase was the largest since May 2012 and mainly the result of strong gains in the Prairie region.
Tuesday,April 15,2014 CREAstats - MLS sales: 8:30am Mar According to figures released this morning by the Canadian Real Estate Association, national home sales rose 1% from February to March. Actual (not seasonally-adjusted) activity stood 4.9% above levels of March of last year. CREA also says the number of newly-listed homes edged up 0.5% between February and March. The Canadian Real Estate Association revealed that national home sales activity was little changed in February 2014 on a month-over-month basis. National home sales edged up 0.3% from January to February. Actual (not seasonally adjusted) activity stood 1.9% above February 2013 levels.
Tuesday,April 15,2014 Monthly Survey of Manufacturing: 8:30am Feb Canadian manufacturing sales increased 1.4% to $51.2 billion in February. Manufacturing sales rose 1.5% to $50.4 billion in January, the largest gain since February 2013.
Wednesday,April 16,2014 Canada's International Transactions in securities: 8:30am Feb Foreign investment in Canadian securities advanced $6.1 billion in February and was focused on corporate instruments. Canadian acquisitions of foreign securities came in at $6.0 billion. Canadian investors added $2.3 billion of foreign securities to their holdings in January, a fourth straight month of such investment. At the same time, foreign investors acquired $1.1 billion of Canadian securities, led by equities.
Wednesday,April 16,2014 BoC rate announcement: 9:00am -- The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1%. The Bank Rate is correspondingly 1 1/4% and the deposit rate is 3/4 of 1% The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1%. The Bank Rate is correspondingly 1 ¼% and the deposit rate is 3/4 of 1%.
Thursday,April 17,2014 Consumer Price Index: 7:00am Mar The Consumer Price Index rose 1.5% in the 12 months to March, following a 1.1% increase in February. Consumer prices rose 1.1% in the 12 months to February, following a 1.5% increase in January. On a seasonally adjusted monthly basis, the Consumer Price Index rose 0.3% in February, following a 0.2% gain in January.
Thursday,April 17,2014 Employment Insurance: 8:30am Feb Following a decline in January, the number of people receiving regular Employment Insurance benefits was little changed in February at 506,500. Compared with 12 months earlier, the number of beneficiaries was down 4.9%. In January, 502,500 people received regular Employment Insurance (EI) benefits, down 1.9% (-9,900) from the previous month.
Tuesday,April 22,2014 Wholesale trade: 8:30am Feb --- Wholesale sales rose 0.8% to $50.0 billion in January, following a decline in December. Gains were recorded in all subsectors except motor vehicle and parts. Excluding this subsector, wholesale sales rose 1.4%.
Wednesday,April 23,2014 Retail Trade: 8:30am Feb --- Retail sales rose 1.3% to $40.7 billion in January, partially offsetting the decline in December. Gains were reported in seven of 11 subsectors, representing 83% of total retail sales.
Wednesday,April 30,2014 Raw Materials Price Index: 8:30am Mar --- The Raw Materials Price Index (RMPI) increased 5.7%, led by crude energy products.
Wednesday,April 30,2014 Industrial Product Price Index: 8:30am Mar --- The Industrial Product Price Index (IPPI) rose 1.0% in February, mainly because of higher prices for energy and petroleum products.
Wednesday,April 30,2014 GDP: 8:30am Feb --- Real gross domestic product rose 0.5% in January. This follows a 0.5% decline in December after five consecutive monthly increases.


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