Canadian Economic Calender

July 2014

Thursday,July 03,2014 Canadian international merchandise trade: 8:30am May Canada's merchandise exports advanced 3.5% and imports grew 1.6% in May. As a result, Canada's trade deficit with the world narrowed from $961 million in April to $152 million in May. Canada's merchandise exports declined 1.8% while imports increased 1.4% in April. As a result, Canada's trade balance with the world went from a surplus of $766 million in March to a deficit of $638 million in April.
Monday,July 07,2014 IVEY purchasing managers index: 10:00am June Western University's Richard Ivey School of Business said its Purchasing Managers Index (PMI) by the end of June 2014 stood at 46.9. The corresponding Ivey PMI figure for May 2014 was 48.2, compared to 55.3 for June 2013, and 49.0 for June 2012 Western University's Richard Ivey School of Business said its purchasing managers’ index fell to 48.2 last month from a reading of 54.1 in April. Analysts had expected the index to increase to 56.0 in May. A figure above 50.0 indicates industry expansion, below indicates contraction.
Monday,July 07,2014 Building Permits: 8:30am May Statistics Canada reported that municipalities issued building permits worth $6.9 billion in May, up 13.8% from April. This followed a 2.2% rise in the previous month. Following two consecutive monthly declines, the total value of building permits issued by Canadian municipalities rose 1.1% to $6.0 billion in April.
Wednesday,July 09,2014 Housing Starts: 8:15am Jun Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts rose to 198,200 units last month from May’s total of 197,000 units. A report from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts rose to 198,324 in May from an upwardly revised 196,687 units in April. That surpassed analysts’ expectations for a May reading of 185,000.
Thursday,July 10,2014 New Housing Price Index: 8:30am May The New Housing Price Index rose 0.1% in May, following five months of gains ranging from 0.1% to 0.3%. The New Housing Price Index rose 0.2% in April, following identical increases in both February and March.
Friday,July 11,2014 Labour Force Survey: 7:00am June Employment was little changed in June and the unemployment rate rose by 0.1 percentage points to 7.1% as more people were searching for work. Employment edged up by 26,000 in May, driven by gains in part-time work. The unemployment rate increased 0.1 percentage points to 7.0% as there were more people in the labour market.
Tuesday,July 15,2014 CREAstats - MLS sales: 8:30am Jun The Canadian Real Estate Association reported this morning that national home sales activity edged up 0.8% on a month-over-month basis in June 2014. Actual (not seasonally adjusted) activity stood 11.2% above June 2013 levels. According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity posted a sizable month-over-month increase in May 2014. National home sales rose 5.9% from April to May. Actual (not seasonally adjusted) activity stood 4.8% above May 2013 levels.
Wednesday,July 16,2014 Monthly Survey of Manufacturing: 8:30am May Manufacturing sales rose 1.6% to $51.6 billion in May, the fourth increase in five months. Manufacturing sales edged down 0.1% in April to $50.9 billion, the first decrease in four months.
Wednesday,July 16,2014 BoC rate announcment: 10:00 a.m. --- The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75% The Bank of Canada is maintaining its target for the overnight rate at 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75%
Thursday,July 17,2014 Canada's International Transactions in securities: 8:30am May Foreign investors acquired $21.4 billion of Canadian securities in May, mainly government bonds. Canadian investors added $2.0 billion of foreign securities to their holdings in the month, largely non-U.S. instruments. Foreign investment in Canadian securities resumed in April as non-residents added $10.1 billion to their holdings, marking the highest such acquisition in a year. Meanwhile, Canadian investment in foreign securities slowed to $2.5 billion.
Friday,July 18,2014 Wholesale trade: 8:30am May Wholesale sales rose 2.2% to $52.6 billion in May, a second consecutive increase. Wholesale sales rose 1.2% to $51.2 billion in April following a decline in March. Higher sales were recorded in all subsectors except for food, beverage and tobacco.
Friday,July 18,2014 Consumer Price Index: 7:00am June Consumer prices rose 2.4% in the 12 months to June, following a 2.3% increase in May. On a seasonally adjusted monthly basis, the Consumer Price Index increased 0.3% in June, after rising 0.2% in May. Consumer prices rose 2.3% in the 12 months to May, following a 2.0% increase in April.
Wednesday,July 23,2014 Retail Trade: 8:30am May Retail sales rose 0.7% to $42.0 billion in May. Retail sales increased for the fourth consecutive month in April, advancing 1.1% to $41.6 billion.
Thursday,July 24,2014 Employment Insurance: 8:30am May --- The number of people receiving regular Employment Insurance benefits totaled 517,100 in April, up slightly (+1.1% or +5,600) from March.
Wednesday,July 30,2014 Industrial Product Price Index: 8:30am June --- The Industrial Product Price Index was down 0.5% in May, mainly because of lower prices for energy and petroleum products.
Wednesday,July 30,2014 Raw Materials Price Index: 8:30am June --- The Raw Materials Price Index declined 0.4%, mostly as a result of lower prices for animals and animal products.
Thursday,July 31,2014 GDP: 8:30am May --- Real gross domestic product grew 0.1% in April, the same pace as in March. The output of service industries increased 0.3%, while the output of goods-producing industries declined 0.3%.


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