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Canadian Economic Calendar - July 2024

DateStatisticForCurrent MonthPrevious Month
Tuesday, July 2, 2024Markit Canada Manufacturing PMI 9:30 a.m. JuneManufacturing PMI in Canada stood pat at 49.3 points in June from May. Manufacturing PMI in Canada decreased to 49.30 points in May from 49.40 points in April.
Wednesday, July 3, 2024Canadian International Merchandise Trade: 8:30amMayIn May, Canada's merchandise exports decreased 2.6%, while imports were down 1.6%. As a result, Canada's merchandise trade deficit with the world widened from $1.3 billion in April to $1.9 billion in May. This represents a third consecutive monthly deficit.In April, Canada's merchandise exports increased 2.6%, while imports rose 1.1%. As a result, Canada's merchandise trade deficit with the world narrowed from $2.0 billion in March to $1.0 billion in April.
Friday, July 5, 2024Labour Force Survey: 8:30amJuneEmployment was virtually unchanged in June (-1,400). The unemployment rate increased 0.2 percentage points to 6.4% in June. Employment was little changed in May (+27,000; +0.1%), and the unemployment rate moved up to 6.2% from 6.1%.
Friday, July 5, 2024IVEY Purchasing Managers Index: 10:00amJuneThe seasonally-adjusted index leaped to 62.5 in June from 52.0 in May and 50.2 in June 2023. A reading above 50 indicates an increase in activity.The seasonally adjusted index fell to 52.0 from 63.0 in April, posting its lowest level since July. A reading above 50 indicates an increase in activity.
Friday, July 12, 2024Building Permits: 8:30amMayThe total monthly value of building permits in Canada decreased 12.2% to $11.7 billion in MayThe total monthly value of building permits in Canada significantly increased 20.5% to $12.8 billion in April.
Monday, July 15, 2024CREAstats - MLS Sales: 8:30amJuneNational home sales climbed 3.7% month-over-month in June. Actual (not seasonally adjusted) monthly activity came in 9.4% below June 2023.National home sales edged back 0.6% month-over-month in May. Actual (not seasonally adjusted) monthly activity came in 5.9% below May 2023.
Monday, July 15, 2024Wholesale Trade: 8:30amMayWholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 0.8% to $82.2 billion in May.Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) grew 2.4% to $83.3 billion in April.
Monday, July 15, 2024New Motor Vehicle Sales: 7:30amMayFollowing a 5.3% increase in April, sales of motor vehicles fell 4.2% to $4.6 billion in May. A new retooling in an auto assembly plant in Ontario was mainly responsible for the declineMotor vehicles sales totaled 175,100 in April, compared to 171,600 the month before.
Monday, July 15, 2024Monthly Survey of Manufacturing: 8:30amMayManufacturing sales rose 0.4% in May, mainly on higher production of aerospace products and parts, as well as sales of food products. Manufacturing sales increased 1.1% in April, mainly due to higher sales of transportation equipment as well as primary metals. Production of aerospace products and parts declined the most.
Tuesday, July 16, 2024Housing Starts: 8:15amJuneThe total monthly seasonally adjusted annual rate (SAAR) of housing starts for all areas in Canada decreased 9% in June (241,672 units) compared to May (264,929),Housing starts zoomed to 264,500 in May, compared to 241,100 in the prior-year quarter.
Tuesday, July 16, 2024Consumer Price Index: 8:30amJuneThe Consumer Price Index (CPI) rose 2.7% on a year-over-year basis in June, down from a 2.9% gain in May. On a seasonally adjusted monthly basis, the CPI rose 0.1% in June.CPI rose 2.9% on a year-over-year basis in May, up from a 2.7% gain in April. On a seasonally adjusted monthly basis, the CPI rose 0.3% in May.
Wednesday, July 17, 2024Canada's International Transactions in Securities: 8:30amMayForeign investment in Canadian securities surpassed Canadian investment in foreign securities for a second consecutive month in May. Non-resident investors acquired $20.9 billion of Canadian securities. Meanwhile, Canadian investors purchased a moderate $3.9 billion of foreign securities.Foreign investors acquired $41.2 billion of Canadian securities in April, the largest investment in two years. At the same time, Canadian investment in foreign securities slowed sharply to $2.5 million, from a record investment of $35.6 billion in March.
Friday, July 19, 2024Industrial Product Price Index: 8:30amJuneThe Industrial Product Price Index was unchanged in June and increased 2.8% year over year.The Industrial Product Price Index was unchanged month over month in May and rose 1.8% on a yearly basis.
Friday, July 19, 2024Raw Materials Price Index: 8:30amJuneThe Raw Materials Price Index declined 1.4% month over month in June and was up 7.5% year over year.The Raw Materials Price Index declined 1.0% month over month in May and increased 7.6% year over year.
Friday, July 19, 2024Retail Trade: 8:30amMayRetail sales decreased 0.8% to $66.1 billion in May. Sales were down in eight of nine subsectors, led by decreases at food and beverage retailers.Retail sales increased 0.7% to $66.8 billion in April.
Monday, July 22, 2024New Housing Price Index: 8:30amJune---Housing prices rose 0.2% in April, exactly the same rate of increase in April 2023.
Wednesday, July 24, 2024BoC Interest Rate Decision: 10:00amJuly---The Bank of Canada today reduced its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the deposit rate at 4.75%. The Bank is continuing its policy of balance sheet normalization.
Thursday, July 25, 2024Payroll Employment, Earnings and Hours: 8:30amMay---The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—decreased by 22,700 (-0.1%) in April.
Wednesday, July 31, 2024GDP: 8:30amMay---Real gross domestic product grew 0.3% as both goods-producing and services-producing industries increased in April.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Tuesday, July 2, 2024

    For: June

    Current Month:
    Manufacturing PMI in Canada stood pat at 49.3 points in June from May.

    Previous Month:
    Manufacturing PMI in Canada decreased to 49.30 points in May from 49.40 points in April.
  • Canadian International Merchandise Trade: 8:30am

    Wednesday, July 3, 2024

    For: May

    Current Month:
    In May, Canada's merchandise exports decreased 2.6%, while imports were down 1.6%. As a result, Canada's merchandise trade deficit with the world widened from $1.3 billion in April to $1.9 billion in May. This represents a third consecutive monthly deficit.

    Previous Month:
    In April, Canada's merchandise exports increased 2.6%, while imports rose 1.1%. As a result, Canada's merchandise trade deficit with the world narrowed from $2.0 billion in March to $1.0 billion in April.
  • Labour Force Survey: 8:30am

    Friday, July 5, 2024

    For: June

    Current Month:
    Employment was virtually unchanged in June (-1,400). The unemployment rate increased 0.2 percentage points to 6.4% in June.

    Previous Month:
    Employment was little changed in May (+27,000; +0.1%), and the unemployment rate moved up to 6.2% from 6.1%.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, July 5, 2024

    For: June

    Current Month:
    The seasonally-adjusted index leaped to 62.5 in June from 52.0 in May and 50.2 in June 2023. A reading above 50 indicates an increase in activity.

    Previous Month:
    The seasonally adjusted index fell to 52.0 from 63.0 in April, posting its lowest level since July. A reading above 50 indicates an increase in activity.
  • Building Permits: 8:30am

    Friday, July 12, 2024

    For: May

    Current Month:
    The total monthly value of building permits in Canada decreased 12.2% to $11.7 billion in May

    Previous Month:
    The total monthly value of building permits in Canada significantly increased 20.5% to $12.8 billion in April.
  • CREAstats - MLS Sales: 8:30am

    Monday, July 15, 2024

    For: June

    Current Month:
    National home sales climbed 3.7% month-over-month in June. Actual (not seasonally adjusted) monthly activity came in 9.4% below June 2023.

    Previous Month:
    National home sales edged back 0.6% month-over-month in May. Actual (not seasonally adjusted) monthly activity came in 5.9% below May 2023.
  • Wholesale Trade: 8:30am

    Monday, July 15, 2024

    For: May

    Current Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 0.8% to $82.2 billion in May.

    Previous Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) grew 2.4% to $83.3 billion in April.
  • New Motor Vehicle Sales: 7:30am

    Monday, July 15, 2024

    For: May

    Current Month:
    Following a 5.3% increase in April, sales of motor vehicles fell 4.2% to $4.6 billion in May. A new retooling in an auto assembly plant in Ontario was mainly responsible for the decline

    Previous Month:
    Motor vehicles sales totaled 175,100 in April, compared to 171,600 the month before.
  • Monthly Survey of Manufacturing: 8:30am

    Monday, July 15, 2024

    For: May

    Current Month:
    Manufacturing sales rose 0.4% in May, mainly on higher production of aerospace products and parts, as well as sales of food products.

    Previous Month:
    Manufacturing sales increased 1.1% in April, mainly due to higher sales of transportation equipment as well as primary metals. Production of aerospace products and parts declined the most.
  • Housing Starts: 8:15am

    Tuesday, July 16, 2024

    For: June

    Current Month:
    The total monthly seasonally adjusted annual rate (SAAR) of housing starts for all areas in Canada decreased 9% in June (241,672 units) compared to May (264,929),

    Previous Month:
    Housing starts zoomed to 264,500 in May, compared to 241,100 in the prior-year quarter.
  • Consumer Price Index: 8:30am

    Tuesday, July 16, 2024

    For: June

    Current Month:
    The Consumer Price Index (CPI) rose 2.7% on a year-over-year basis in June, down from a 2.9% gain in May. On a seasonally adjusted monthly basis, the CPI rose 0.1% in June.

    Previous Month:
    CPI rose 2.9% on a year-over-year basis in May, up from a 2.7% gain in April. On a seasonally adjusted monthly basis, the CPI rose 0.3% in May.
  • Canada's International Transactions in Securities: 8:30am

    Wednesday, July 17, 2024

    For: May

    Current Month:
    Foreign investment in Canadian securities surpassed Canadian investment in foreign securities for a second consecutive month in May. Non-resident investors acquired $20.9 billion of Canadian securities. Meanwhile, Canadian investors purchased a moderate $3.9 billion of foreign securities.

    Previous Month:
    Foreign investors acquired $41.2 billion of Canadian securities in April, the largest investment in two years. At the same time, Canadian investment in foreign securities slowed sharply to $2.5 million, from a record investment of $35.6 billion in March.
  • Industrial Product Price Index: 8:30am

    Friday, July 19, 2024

    For: June

    Current Month:
    The Industrial Product Price Index was unchanged in June and increased 2.8% year over year.

    Previous Month:
    The Industrial Product Price Index was unchanged month over month in May and rose 1.8% on a yearly basis.
  • Raw Materials Price Index: 8:30am

    Friday, July 19, 2024

    For: June

    Current Month:
    The Raw Materials Price Index declined 1.4% month over month in June and was up 7.5% year over year.

    Previous Month:
    The Raw Materials Price Index declined 1.0% month over month in May and increased 7.6% year over year.
  • Retail Trade: 8:30am

    Friday, July 19, 2024

    For: May

    Current Month:
    Retail sales decreased 0.8% to $66.1 billion in May. Sales were down in eight of nine subsectors, led by decreases at food and beverage retailers.

    Previous Month:
    Retail sales increased 0.7% to $66.8 billion in April.
  • New Housing Price Index: 8:30am

    Monday, July 22, 2024

    For: June

    Current Month:
    ---

    Previous Month:
    Housing prices rose 0.2% in April, exactly the same rate of increase in April 2023.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, July 24, 2024

    For: July

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today reduced its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the deposit rate at 4.75%. The Bank is continuing its policy of balance sheet normalization.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, July 25, 2024

    For: May

    Current Month:
    ---

    Previous Month:
    The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—decreased by 22,700 (-0.1%) in April.
  • GDP: 8:30am

    Wednesday, July 31, 2024

    For: May

    Current Month:
    ---

    Previous Month:
    Real gross domestic product grew 0.3% as both goods-producing and services-producing industries increased in April.