Canadian Economic Calendar - July 2019

DateStatisticForCurrent MonthPrevious Month
Tuesday, July 02, 2019Markit Canada Manufacturing PMI: 9:30 amJuneAt 49.2 in June, the headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) picked up fractionally from May's 41-month low of 49.1. The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI), a measure of manufacturing business conditions, fell to its lowest since December 2015 at a seasonally adjusted 49.1 last month from 49.7 in April. A reading below 50 shows contraction in the sector.
Wednesday, July 03, 2019Canadian International Merchandise Trade: 8:30amMayCanada's merchandise trade balance with the world was in a surplus position in May for the second time since December 2016. The $762 million surplus in May followed a $1.1 billion deficit in April. Exports rose 4.6% in May, while imports increased 1.0%.Canada's exports rose 1.3% in April, while imports decreased 1.4%. As a result, Canada's merchandise trade deficit with the world narrowed from $2.3 billion in March to $966 million in April
Friday, July 05, 2019Labour Force Survey: 8:30amJuneStatistics Canada said the economy shed a net 2,200 jobs in June after two months of gains and the unemployment rate edged up to 5.5% as more people joined the workforce. The unemployment rate rose 0.1 percentage points to 5.5% as the number of people looking for work increasedStatistics Canada said the economy added 27,700 net new jobs in May after economists predicted a gain of 8,000 positions from April and a jobless rate of 5.7%. The current unemployment rate at 5.4% was the lowest since comparable data became available in 1976.
Friday, July 05, 2019IVEY Purchasing Managers Index: 10:00amJuneThe PMI registered in June at 52.4, a drop from May's 55.9, and a sizable decrease from the reading of 63.1Western University’s IVEY School of Business said its purchasing managers’ index rang in at 55.9 in May, identical to April’s reading, but way below the 62.9 figure shown in May 2018.
Tuesday, July 09, 2019Housing Starts: 8:15amJuneThe seasonally-adjusted annualized rate of housing starts rose to 245,657 units from a revised 196,809 units in May, according to Canada Mortgage and Housing Corporation. Economists had projected starts to rise to 210,000.Canada Mortgage and Housing Corporation's seasonally-adjusted annual rates of housing starts fell to 202,300 units in May 2019 from a downwardly revised 233,400 in April, missing market expectations of 205,000.
Tuesday, July 09, 2019Building Permits: 8:30amMayFollowing a record $9.5 billion in April, the value of permits issued by Canadian municipalities declined 13.0% to $8.2 billion in May, largely due to a drop in British Columbia. Excluding B.C., the national value of permits rose 3.2%.Canadian municipalities issued a record $9.3 billion worth of building permits in April. The increase in the value of permits was almost entirely due to a planned change in development costs in Metro Vancouver.
Wednesday, July 10, 2019BoC Rate AnnouncementJulThe Bank of Canada today maintained its target for the overnight rate at 1.75%. The Bank Rate is correspondingly 2% and the deposit rate is 1.5%The Bank of Canada maintained its target for the overnight rate at 1.75%. The Bank Rate is correspondingly 2% and the deposit rate is 1.5%
Thursday, July 11, 2019New Housing Price Index: 8:30amMayNationally, new house prices were down 0.1% in May, after remaining unchanged for three consecutive months. Nationally, new house prices in Canada remained unchanged in April for a third consecutive month.
Monday, July 15, 2019CREAstats - MLS Sales: 8:30amJuneHome sales recorded via Canadian MLS® Systems were little changed in June 2019 following a string of monthly gains recorded in March, April and May. Although running close to its 10-year average and up nearly 10% from the six-year low reached in February 2019, activity remains well below levels recorded over much of 2015, 2016 and 2017.National home sales rose 1.9% month-over-month (m-o-m) in May. Actual (not seasonally adjusted) activity was up 6.7% year-over-year (y-o-y).
Tuesday, July 16, 2019Canada's International Transactions in Securities: 8:30amMayForeign investors acquired $10.2 billion of Canadian securities in May, following two months of divestment. At the same time, Canadian investment in foreign securities resumed to reach $4.1 billion, led by purchases of U.S. corporate bonds.Foreign investors reduced their holdings of Canadian securities by $12.8 billion in April, mainly in the form of equities. At the same time, Canadian investors marginally reduced their holdings of foreign securities
Wednesday, July 17, 2019Consumer Price Index: 8:30amJuneThe Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in June, following a 2.4% increase in May. On a seasonally adjusted monthly basis, the CPI declined 0.1% in June.The Consumer Price Index (CPI) rose 2.4% on a year-over-year basis in May, following a 2.0% increase in April. On a seasonally adjusted monthly basis, the CPI rose 0.3% in May.
Wednesday, July 17, 2019Monthly Survey of Manufacturing: 8:30amMayManufacturing sales rose 1.6% to $58.9 billion in May, following a 0.4% decline in April.Manufacturing sales declined 0.6% to $57.8 billion in April, following a 2.6% increase in March
Thursday, July 18, 2019Employment Insurance: 8:30amMayIn May, 441,300 people received regular Employment Insurance benefits, similar to the previous month.In April, 438,300 people received regular Employment Insurance benefits, little changed from March.
Friday, July 19, 2019Retail Trade: 8:30amMayRetail sales declined for the first time in four months, edging down 0.1% to $51.5 billion in May. Excluding sales at motor vehicle and parts dealers and gasoline stations, retail sales decreased 1.0%.Retail sales rose for the third consecutive month, edging up 0.1% to $51.5 billion in April. Excluding sales at motor vehicle and parts dealers and gasoline stations, retail sales were down 0.1%
Monday, July 22, 2019Wholesale Trade: 8:30amMay---Wholesale sales increased 1.7% to $65.3 billion in April, the fifth consecutive monthly increase.
Thursday, July 25, 2019Average Weekly EarningsMay---Average weekly earnings of non-farm payroll employees were $1,023 in April, up 0.7% from March. Compared with 12 months earlier, earnings grew by 2.9%.
Wednesday, July 31, 2019GDP: 8:30amMay---Real gross domestic product was up 0.3% in April, following a 0.5% increase in March.
Wednesday, July 31, 2019Industrial Product Price Index: 8:30amJune---The Industrial Product Price Index edged up 0.1% in May.
Wednesday, July 31, 2019Raw Materials Price Index: 8:30amJune---The Raw Materials Price Index was down 2.3%, mainly due to lower prices for crude energy products.
  • Markit Canada Manufacturing PMI: 9:30 am

    Tuesday, July 02, 2019

    For: June

    Current Month:
    At 49.2 in June, the headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) picked up fractionally from May's 41-month low of 49.1.

    Previous Month:
    The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI), a measure of manufacturing business conditions, fell to its lowest since December 2015 at a seasonally adjusted 49.1 last month from 49.7 in April. A reading below 50 shows contraction in the sector.
  • Canadian International Merchandise Trade: 8:30am

    Wednesday, July 03, 2019

    For: May

    Current Month:
    Canada's merchandise trade balance with the world was in a surplus position in May for the second time since December 2016. The $762 million surplus in May followed a $1.1 billion deficit in April. Exports rose 4.6% in May, while imports increased 1.0%.

    Previous Month:
    Canada's exports rose 1.3% in April, while imports decreased 1.4%. As a result, Canada's merchandise trade deficit with the world narrowed from $2.3 billion in March to $966 million in April
  • Labour Force Survey: 8:30am

    Friday, July 05, 2019

    For: June

    Current Month:
    Statistics Canada said the economy shed a net 2,200 jobs in June after two months of gains and the unemployment rate edged up to 5.5% as more people joined the workforce. The unemployment rate rose 0.1 percentage points to 5.5% as the number of people looking for work increased

    Previous Month:
    Statistics Canada said the economy added 27,700 net new jobs in May after economists predicted a gain of 8,000 positions from April and a jobless rate of 5.7%. The current unemployment rate at 5.4% was the lowest since comparable data became available in 1976.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, July 05, 2019

    For: June

    Current Month:
    The PMI registered in June at 52.4, a drop from May's 55.9, and a sizable decrease from the reading of 63.1

    Previous Month:
    Western University’s IVEY School of Business said its purchasing managers’ index rang in at 55.9 in May, identical to April’s reading, but way below the 62.9 figure shown in May 2018.
  • Housing Starts: 8:15am

    Tuesday, July 09, 2019

    For: June

    Current Month:
    The seasonally-adjusted annualized rate of housing starts rose to 245,657 units from a revised 196,809 units in May, according to Canada Mortgage and Housing Corporation. Economists had projected starts to rise to 210,000.

    Previous Month:
    Canada Mortgage and Housing Corporation's seasonally-adjusted annual rates of housing starts fell to 202,300 units in May 2019 from a downwardly revised 233,400 in April, missing market expectations of 205,000.
  • Building Permits: 8:30am

    Tuesday, July 09, 2019

    For: May

    Current Month:
    Following a record $9.5 billion in April, the value of permits issued by Canadian municipalities declined 13.0% to $8.2 billion in May, largely due to a drop in British Columbia. Excluding B.C., the national value of permits rose 3.2%.

    Previous Month:
    Canadian municipalities issued a record $9.3 billion worth of building permits in April. The increase in the value of permits was almost entirely due to a planned change in development costs in Metro Vancouver.
  • BoC Rate Announcement

    Wednesday, July 10, 2019

    For: Jul

    Current Month:
    The Bank of Canada today maintained its target for the overnight rate at 1.75%. The Bank Rate is correspondingly 2% and the deposit rate is 1.5%

    Previous Month:
    The Bank of Canada maintained its target for the overnight rate at 1.75%. The Bank Rate is correspondingly 2% and the deposit rate is 1.5%
  • New Housing Price Index: 8:30am

    Thursday, July 11, 2019

    For: May

    Current Month:
    Nationally, new house prices were down 0.1% in May, after remaining unchanged for three consecutive months.

    Previous Month:
    Nationally, new house prices in Canada remained unchanged in April for a third consecutive month.
  • CREAstats - MLS Sales: 8:30am

    Monday, July 15, 2019

    For: June

    Current Month:
    Home sales recorded via Canadian MLS® Systems were little changed in June 2019 following a string of monthly gains recorded in March, April and May. Although running close to its 10-year average and up nearly 10% from the six-year low reached in February 2019, activity remains well below levels recorded over much of 2015, 2016 and 2017.

    Previous Month:
    National home sales rose 1.9% month-over-month (m-o-m) in May. Actual (not seasonally adjusted) activity was up 6.7% year-over-year (y-o-y).
  • Canada's International Transactions in Securities: 8:30am

    Tuesday, July 16, 2019

    For: May

    Current Month:
    Foreign investors acquired $10.2 billion of Canadian securities in May, following two months of divestment. At the same time, Canadian investment in foreign securities resumed to reach $4.1 billion, led by purchases of U.S. corporate bonds.

    Previous Month:
    Foreign investors reduced their holdings of Canadian securities by $12.8 billion in April, mainly in the form of equities. At the same time, Canadian investors marginally reduced their holdings of foreign securities
  • Consumer Price Index: 8:30am

    Wednesday, July 17, 2019

    For: June

    Current Month:
    The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in June, following a 2.4% increase in May. On a seasonally adjusted monthly basis, the CPI declined 0.1% in June.

    Previous Month:
    The Consumer Price Index (CPI) rose 2.4% on a year-over-year basis in May, following a 2.0% increase in April. On a seasonally adjusted monthly basis, the CPI rose 0.3% in May.
  • Monthly Survey of Manufacturing: 8:30am

    Wednesday, July 17, 2019

    For: May

    Current Month:
    Manufacturing sales rose 1.6% to $58.9 billion in May, following a 0.4% decline in April.

    Previous Month:
    Manufacturing sales declined 0.6% to $57.8 billion in April, following a 2.6% increase in March
  • Employment Insurance: 8:30am

    Thursday, July 18, 2019

    For: May

    Current Month:
    In May, 441,300 people received regular Employment Insurance benefits, similar to the previous month.

    Previous Month:
    In April, 438,300 people received regular Employment Insurance benefits, little changed from March.
  • Retail Trade: 8:30am

    Friday, July 19, 2019

    For: May

    Current Month:
    Retail sales declined for the first time in four months, edging down 0.1% to $51.5 billion in May. Excluding sales at motor vehicle and parts dealers and gasoline stations, retail sales decreased 1.0%.

    Previous Month:
    Retail sales rose for the third consecutive month, edging up 0.1% to $51.5 billion in April. Excluding sales at motor vehicle and parts dealers and gasoline stations, retail sales were down 0.1%
  • Wholesale Trade: 8:30am

    Monday, July 22, 2019

    For: May

    Current Month:
    ---

    Previous Month:
    Wholesale sales increased 1.7% to $65.3 billion in April, the fifth consecutive monthly increase.
  • Average Weekly Earnings

    Thursday, July 25, 2019

    For: May

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $1,023 in April, up 0.7% from March. Compared with 12 months earlier, earnings grew by 2.9%.
  • GDP: 8:30am

    Wednesday, July 31, 2019

    For: May

    Current Month:
    ---

    Previous Month:
    Real gross domestic product was up 0.3% in April, following a 0.5% increase in March.
  • Industrial Product Price Index: 8:30am

    Wednesday, July 31, 2019

    For: June

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index edged up 0.1% in May.
  • Raw Materials Price Index: 8:30am

    Wednesday, July 31, 2019

    For: June

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index was down 2.3%, mainly due to lower prices for crude energy products.