Canadian Economic Calendar - April 2020

DateStatisticForCurrent MonthPrevious Month
Wednesday, April 01, 2020Markit Canada Manufacturing PMI: 9:30 amMarThe economic activity in Canada's manufacturing sector contracted at a strong pace in March with the Markit Manufacturing PMI slumping to 46.1 from 51.8 in February.At 51.8 in February, up from 50.6 in January, the seasonally-adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) registered above the 50.0 no-change value for the sixth consecutive month and pointed to the strongest overall improvement in business conditions since February 2019.
Thursday, April 02, 2020Canadian International Merchandise Trade: 8:30amFebCanada's merchandise exports rose 0.5% in February, while imports were down 0.8%. As a result, Canada's merchandise trade deficit with the world narrowed from $1.7 billion in January to $983 million in February.Canada's merchandise exports fell 2.0% in January, while imports were down 0.5%. As a result, Canada's merchandise trade deficit with the world widened from $732 million in December 2019 to $1.5 billion in January.
Tuesday, April 07, 2020IVEY Purchasing Managers Index: 10:00amMarThe index tumbled to 26.0 in March, far below the 54.1 reading in February and the 54.3 level it displayed in March 2019The index skidded to 51.7 in February from January's reading of 57.3, but way above the 50.6 level in February 2019
Wednesday, April 08, 2020Housing Starts: 8:15amMarCMHC reported March housing starts registered at 195,200, compared to the expected 172,500, and to 210,100 in February Canada Mortgage and Housing Corporation reported the trend in housing starts was 208,525 units in February compared to 211,153 units in January.
Wednesday, April 08, 2020Building Permits: 8:30amFebThe total value of building permits issued by Canadian municipalities decreased 7.3% to $8.6 billion in February, driven by the residential component. Declines were reported in five provinces, with the largest decrease reported in British Columbia (-39.2% to $1.3 billion).The total value of building permits issued by Canadian municipalities increased 4.0% to $9.2 billion in January.
Thursday, April 09, 2020Labour Force Survey: 8:30amMar---Employment was little changed in February, the economy having created 30,000 jobs and the unemployment rate increased by 0.1 percentage points to 5.6%.
Wednesday, April 15, 2020CREAstats - MLS Sales: 8:30amMar---Canadian home sales rose 5.9% in February from the previous month, led by a jump in activity in the Greater Toronto Area, according to the Canadian Real Estate Association.
Wednesday, April 15, 2020BoC Interest Rate Decision: 11:00amApr---The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1.25%. The Bank Rate is correspondingly 1.5% and the deposit rate is 1%.
Thursday, April 16, 2020Monthly Survey of Manufacturing: 8:30amFeb---Manufacturing sales were down 0.2% to $56.1 billion in January, the fifth consecutive monthly decline
Friday, April 17, 2020Canada's International Transactions in Securities: 8:30amFeb---Foreign investors acquired $17.0 billion of Canadian securities in January. Meanwhile, Canadian investors reduced their holdings of foreign securities by $9.1 billion, following acquisitions of $13.8 billion in December 2019.
Monday, April 20, 2020Wholesale Trade: 8:30amFeb---Wholesale sales increased for a second consecutive month, up 1.8% to $65.2 billion in January.
Tuesday, April 21, 2020Retail Trade: 8:30amFeb---Retail sales rose for the third consecutive month, up 0.4% to $52.0 billion in January.
Tuesday, April 21, 2020New Housing Price Index: 8:30amFeb---New home prices were up 0.4% at the national level in February.
Wednesday, April 22, 2020Consumer Price Index: 8:30amMar---CPI rose 2.2% on a year-over-year basis in February, down from a 2.4% increase in January. On a seasonally-adjusted monthly basis, the CPI was up 0.1% in February, matching the increase in January.
Thursday, April 23, 2020Employment Insurance: 8:30amFeb------
Thursday, April 30, 2020Raw Materials Price Index: 8:30amMar---The Raw Materials Price Index fell 4.7%, mostly due to lower prices for crude oil.
Thursday, April 30, 2020Industrial Product Price Index: 8:30amMar---The Industrial Product Price Index was down 0.5% in February, driven primarily by lower prices for refined petroleum products.
Thursday, April 30, 2020Payroll Employment, Earnings and Hours: 8:30amFeb---The average weekly earnings of non-farm payroll employees were $1,051 in January, up 0.6% from the previous month. Year over year, earnings rose 4.0%. Non-farm payroll employees worked an average of 33.0 hours per week in January, up from both the previous month (32.8 hours) and January 2019 (32.6 hours).
Thursday, April 30, 2020GDP: 8:30amFeb---Real gross domestic product edged up 0.1% in January.

  • Markit Canada Manufacturing PMI: 9:30 am

    Wednesday, April 01, 2020

    For: Mar

    Current Month:
    The economic activity in Canada's manufacturing sector contracted at a strong pace in March with the Markit Manufacturing PMI slumping to 46.1 from 51.8 in February.

    Previous Month:
    At 51.8 in February, up from 50.6 in January, the seasonally-adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) registered above the 50.0 no-change value for the sixth consecutive month and pointed to the strongest overall improvement in business conditions since February 2019.

  • Canadian International Merchandise Trade: 8:30am

    Thursday, April 02, 2020

    For: Feb

    Current Month:
    Canada's merchandise exports rose 0.5% in February, while imports were down 0.8%. As a result, Canada's merchandise trade deficit with the world narrowed from $1.7 billion in January to $983 million in February.

    Previous Month:
    Canada's merchandise exports fell 2.0% in January, while imports were down 0.5%. As a result, Canada's merchandise trade deficit with the world widened from $732 million in December 2019 to $1.5 billion in January.

  • IVEY Purchasing Managers Index: 10:00am

    Tuesday, April 07, 2020

    For: Mar

    Current Month:
    The index tumbled to 26.0 in March, far below the 54.1 reading in February and the 54.3 level it displayed in March 2019

    Previous Month:
    The index skidded to 51.7 in February from January's reading of 57.3, but way above the 50.6 level in February 2019

  • Housing Starts: 8:15am

    Wednesday, April 08, 2020

    For: Mar

    Current Month:
    CMHC reported March housing starts registered at 195,200, compared to the expected 172,500, and to 210,100 in February

    Previous Month:
    Canada Mortgage and Housing Corporation reported the trend in housing starts was 208,525 units in February compared to 211,153 units in January.

  • Building Permits: 8:30am

    Wednesday, April 08, 2020

    For: Feb

    Current Month:
    The total value of building permits issued by Canadian municipalities decreased 7.3% to $8.6 billion in February, driven by the residential component. Declines were reported in five provinces, with the largest decrease reported in British Columbia (-39.2% to $1.3 billion).

    Previous Month:
    The total value of building permits issued by Canadian municipalities increased 4.0% to $9.2 billion in January.

  • Labour Force Survey: 8:30am

    Thursday, April 09, 2020

    For: Mar

    Current Month:
    ---

    Previous Month:
    Employment was little changed in February, the economy having created 30,000 jobs and the unemployment rate increased by 0.1 percentage points to 5.6%.

  • CREAstats - MLS Sales: 8:30am

    Wednesday, April 15, 2020

    For: Mar

    Current Month:
    ---

    Previous Month:
    Canadian home sales rose 5.9% in February from the previous month, led by a jump in activity in the Greater Toronto Area, according to the Canadian Real Estate Association.

  • BoC Interest Rate Decision: 11:00am

    Wednesday, April 15, 2020

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1.25%. The Bank Rate is correspondingly 1.5% and the deposit rate is 1%.

  • Monthly Survey of Manufacturing: 8:30am

    Thursday, April 16, 2020

    For: Feb

    Current Month:
    ---

    Previous Month:
    Manufacturing sales were down 0.2% to $56.1 billion in January, the fifth consecutive monthly decline

  • Canada's International Transactions in Securities: 8:30am

    Friday, April 17, 2020

    For: Feb

    Current Month:
    ---

    Previous Month:
    Foreign investors acquired $17.0 billion of Canadian securities in January. Meanwhile, Canadian investors reduced their holdings of foreign securities by $9.1 billion, following acquisitions of $13.8 billion in December 2019.

  • Wholesale Trade: 8:30am

    Monday, April 20, 2020

    For: Feb

    Current Month:
    ---

    Previous Month:
    Wholesale sales increased for a second consecutive month, up 1.8% to $65.2 billion in January.

  • Retail Trade: 8:30am

    Tuesday, April 21, 2020

    For: Feb

    Current Month:
    ---

    Previous Month:
    Retail sales rose for the third consecutive month, up 0.4% to $52.0 billion in January.

  • New Housing Price Index: 8:30am

    Tuesday, April 21, 2020

    For: Feb

    Current Month:
    ---

    Previous Month:
    New home prices were up 0.4% at the national level in February.

  • Consumer Price Index: 8:30am

    Wednesday, April 22, 2020

    For: Mar

    Current Month:
    ---

    Previous Month:
    CPI rose 2.2% on a year-over-year basis in February, down from a 2.4% increase in January. On a seasonally-adjusted monthly basis, the CPI was up 0.1% in February, matching the increase in January.

  • Employment Insurance: 8:30am

    Thursday, April 23, 2020

    For: Feb

    Current Month:
    ---

    Previous Month:
    ---

  • Raw Materials Price Index: 8:30am

    Thursday, April 30, 2020

    For: Mar

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index fell 4.7%, mostly due to lower prices for crude oil.

  • Industrial Product Price Index: 8:30am

    Thursday, April 30, 2020

    For: Mar

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index was down 0.5% in February, driven primarily by lower prices for refined petroleum products.

  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, April 30, 2020

    For: Feb

    Current Month:
    ---

    Previous Month:
    The average weekly earnings of non-farm payroll employees were $1,051 in January, up 0.6% from the previous month. Year over year, earnings rose 4.0%. Non-farm payroll employees worked an average of 33.0 hours per week in January, up from both the previous month (32.8 hours) and January 2019 (32.6 hours).

  • GDP: 8:30am

    Thursday, April 30, 2020

    For: Feb

    Current Month:
    ---

    Previous Month:
    Real gross domestic product edged up 0.1% in January.