Canadian Economic Calendar - May 2019

DateStatisticForCurrent MonthPrevious Month
Wednesday, May 01, 2019Markit Canada Manufacturing PMI: 9:30 amAprThe IHS Markit in its latest Canada Manufacturing Purchasing Managers' Index (PMI) reported that the business activity in the manufacturing sector contracted in April with the headline PMI dropping below the 50 mark. This reading also fell short of the market expectation of 51.5.At 50.5 in March, the headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI®) was down from 52.6 in February and only slightly above the neutral 50.0 mark
Tuesday, May 07, 2019IVEY Purchasing Managers Index: 10:00amAprThe index moved to 55.9, compared to 54.3 in March, but still way below the 71.5 reading for April 2018The PMI measured 54.3 in March, up substantially from the 50.6 registered in February, but significantly lower than the 59.8 issued in March 2018
Wednesday, May 08, 2019Housing Starts: 8:15amAprCanadian seasonally-adjusted housing starts rose to 235,460 units in April of 2019 from a downwardly revised 191,981 units in March and beating market expectations of 196,400 units. The SAAR of urban starts increased by 24% in April to 220,387 unitsCanada Mortgage and Housing Corporation reported that the trend in housing starts was 202,279 units in March 2019, compared to 202,039 units in February 2019.
Thursday, May 09, 2019New Housing Price Index: 8:30amMarNew house prices were unchanged at the national level in March for a second consecutive month.New house prices at the national level were unchanged in February, despite growth in some of the housing markets surveyed.
Thursday, May 09, 2019Canadian International Merchandise Trade: 8:30amMarCanada's exports rose 3.2% in March, while imports increased 2.5%. As a result, Canada's merchandise trade deficit with the world narrowed from $3.4 billion in February to $3.2 billion in March.Canada's imports declined 1.6% in February, while exports were down 1.3%. As a result, Canada's merchandise trade deficit with the world narrowed slightly, from $3.1 billion in January to $2.9 billion in February.
Friday, May 10, 2019Labour Force Survey: 8:30amAprEmployment rose by 107,000 in April, with notable gains in part-time work for youth. The unemployment rate declined by 0.1 percentage points to 5.7% as more people participated in the labour market.Statistics Canada said employment fell by 7,200 in March, mostly full-time positions in the services sector. The unemployment rate remained at 5.8%
Friday, May 10, 2019Building Permits: 8:30amMarCanadian municipalities issued $8.1 billion worth of building permits in March, up 2.1% from February. The increase was attributable to higher construction intentions in Western Canada.Canadian municipalities issued $7.8 billion worth of building permits in February, down 5.7% from the previous month. The decline was largely due to lower construction intentions for multi-family dwellings.
Wednesday, May 15, 2019Consumer Price Index: 8:30amAprInflation rose 2.0% on a year-over-year basis in April, following a 1.9% increase in March. On a seasonally adjusted monthly basis, the CPI rose 0.3% in April.The Consumer Price Index (CPI) rose 1.9% on a year-over-year basis in March, following a 1.5% increase in February. On a seasonally adjusted monthly basis, the CPI rose 0.3% in March.
Wednesday, May 15, 2019CREAstats - MLS Sales: 8:30amAprHome sales recorded via Canadian MLS® Systems rose by 3.6% m-o-m in April 2019. Home sales via Canadian MLS Systems edged up 0.9% in March 2019 following a sharp drop in February, leaving activity near some of the lowest levels recorded in the last six years.
Thursday, May 16, 2019Canada's International Transactions in Securities: 8:30amMarForeign investors reduced their holdings of Canadian securities by $1.5 billion in March, the first divestment in three months. Meanwhile, Canadian investment in foreign securities totaled $1.5 billion, led by purchases of U.S. corporate bondsForeign acquisitions of Canadian securities totaled $12.0 billion in February, following a significant investment of $28.6 billion in January. At the same time, Canadian investment in foreign securities increased to $5.3 billion, led by purchases of U.S. corporate bonds.
Thursday, May 16, 2019Monthly Survey of Manufacturing: 8:30amMarManufacturing sales increased 2.1% to $58.0 billion in March, following a 0.2% decrease in February and a 0.9% gain in January. Manufacturing sales edged down 0.2% in February to $56.6 billion, following a 0.8% increase in January.
Wednesday, May 22, 2019Retail Trade: 8:30amMarRetail sales increased for the second consecutive month, rising 1.1% to $51.3 billion in March. Sales were higher in seven of 11 sub-sectors, representing 39% of retail trade.Following three consecutive monthly declines, retail sales rose 0.8% in February to $50.6 billion. Sales were up in five of 11 sub-sectors, representing 73% of retail trade.
Thursday, May 23, 2019Wholesale Trade: 8:30amMarWholesale sales rose for the fourth consecutive month, up 1.4% to $64.1 billion in March. Wholesale sales increased 0.3% to $63.7 billion in February, the third consecutive monthly gain.
Thursday, May 23, 2019Employment Insurance: 8:30amMarIn March, 436,600 people received regular Employment Insurance benefits, down 4,400 (or 1.0%) from February.In February, 441,200 people received regular Employment Insurance benefits, an increase of 4,400 or 1.0% from January.
Wednesday, May 29, 2019BoC Rate AnnouncementMay---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%
Thursday, May 30, 2019Average Weekly EarningsMar---Average weekly earnings of non-farm payroll employees were $1,007 in February, little changed from the previous month. Compared with 12 months earlier, earnings grew by 1.1%
Friday, May 31, 2019Industrial Product Price Index: 8:30amApr---The Industrial Product Price Index rose 1.3% in March, mainly due to higher prices for energy and petroleum products.
Friday, May 31, 2019Raw Materials Price Index: 8:30amApr---The Raw Materials Price Index increased 2.8%, primarily due to higher prices for crude energy products.
Friday, May 31, 2019GDP: 8:30amMar---Canada's gross domestic product contracted by 0.1 per cent in February, as the finance, manufacturing, mining and oil and gas sectors all shrank.
  • Markit Canada Manufacturing PMI: 9:30 am

    Wednesday, May 01, 2019

    For: Apr

    Current Month:
    The IHS Markit in its latest Canada Manufacturing Purchasing Managers' Index (PMI) reported that the business activity in the manufacturing sector contracted in April with the headline PMI dropping below the 50 mark. This reading also fell short of the market expectation of 51.5.

    Previous Month:
    At 50.5 in March, the headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI®) was down from 52.6 in February and only slightly above the neutral 50.0 mark
  • IVEY Purchasing Managers Index: 10:00am

    Tuesday, May 07, 2019

    For: Apr

    Current Month:
    The index moved to 55.9, compared to 54.3 in March, but still way below the 71.5 reading for April 2018

    Previous Month:
    The PMI measured 54.3 in March, up substantially from the 50.6 registered in February, but significantly lower than the 59.8 issued in March 2018
  • Housing Starts: 8:15am

    Wednesday, May 08, 2019

    For: Apr

    Current Month:
    Canadian seasonally-adjusted housing starts rose to 235,460 units in April of 2019 from a downwardly revised 191,981 units in March and beating market expectations of 196,400 units. The SAAR of urban starts increased by 24% in April to 220,387 units

    Previous Month:
    Canada Mortgage and Housing Corporation reported that the trend in housing starts was 202,279 units in March 2019, compared to 202,039 units in February 2019.
  • New Housing Price Index: 8:30am

    Thursday, May 09, 2019

    For: Mar

    Current Month:
    New house prices were unchanged at the national level in March for a second consecutive month.

    Previous Month:
    New house prices at the national level were unchanged in February, despite growth in some of the housing markets surveyed.
  • Canadian International Merchandise Trade: 8:30am

    Thursday, May 09, 2019

    For: Mar

    Current Month:
    Canada's exports rose 3.2% in March, while imports increased 2.5%. As a result, Canada's merchandise trade deficit with the world narrowed from $3.4 billion in February to $3.2 billion in March.

    Previous Month:
    Canada's imports declined 1.6% in February, while exports were down 1.3%. As a result, Canada's merchandise trade deficit with the world narrowed slightly, from $3.1 billion in January to $2.9 billion in February.
  • Labour Force Survey: 8:30am

    Friday, May 10, 2019

    For: Apr

    Current Month:
    Employment rose by 107,000 in April, with notable gains in part-time work for youth. The unemployment rate declined by 0.1 percentage points to 5.7% as more people participated in the labour market.

    Previous Month:
    Statistics Canada said employment fell by 7,200 in March, mostly full-time positions in the services sector. The unemployment rate remained at 5.8%
  • Building Permits: 8:30am

    Friday, May 10, 2019

    For: Mar

    Current Month:
    Canadian municipalities issued $8.1 billion worth of building permits in March, up 2.1% from February. The increase was attributable to higher construction intentions in Western Canada.

    Previous Month:
    Canadian municipalities issued $7.8 billion worth of building permits in February, down 5.7% from the previous month. The decline was largely due to lower construction intentions for multi-family dwellings.
  • Consumer Price Index: 8:30am

    Wednesday, May 15, 2019

    For: Apr

    Current Month:
    Inflation rose 2.0% on a year-over-year basis in April, following a 1.9% increase in March. On a seasonally adjusted monthly basis, the CPI rose 0.3% in April.

    Previous Month:
    The Consumer Price Index (CPI) rose 1.9% on a year-over-year basis in March, following a 1.5% increase in February. On a seasonally adjusted monthly basis, the CPI rose 0.3% in March.
  • CREAstats - MLS Sales: 8:30am

    Wednesday, May 15, 2019

    For: Apr

    Current Month:
    Home sales recorded via Canadian MLS® Systems rose by 3.6% m-o-m in April 2019.

    Previous Month:
    Home sales via Canadian MLS Systems edged up 0.9% in March 2019 following a sharp drop in February, leaving activity near some of the lowest levels recorded in the last six years.
  • Canada's International Transactions in Securities: 8:30am

    Thursday, May 16, 2019

    For: Mar

    Current Month:
    Foreign investors reduced their holdings of Canadian securities by $1.5 billion in March, the first divestment in three months. Meanwhile, Canadian investment in foreign securities totaled $1.5 billion, led by purchases of U.S. corporate bonds

    Previous Month:
    Foreign acquisitions of Canadian securities totaled $12.0 billion in February, following a significant investment of $28.6 billion in January. At the same time, Canadian investment in foreign securities increased to $5.3 billion, led by purchases of U.S. corporate bonds.
  • Monthly Survey of Manufacturing: 8:30am

    Thursday, May 16, 2019

    For: Mar

    Current Month:
    Manufacturing sales increased 2.1% to $58.0 billion in March, following a 0.2% decrease in February and a 0.9% gain in January.

    Previous Month:
    Manufacturing sales edged down 0.2% in February to $56.6 billion, following a 0.8% increase in January.
  • Retail Trade: 8:30am

    Wednesday, May 22, 2019

    For: Mar

    Current Month:
    Retail sales increased for the second consecutive month, rising 1.1% to $51.3 billion in March. Sales were higher in seven of 11 sub-sectors, representing 39% of retail trade.

    Previous Month:
    Following three consecutive monthly declines, retail sales rose 0.8% in February to $50.6 billion. Sales were up in five of 11 sub-sectors, representing 73% of retail trade.
  • Wholesale Trade: 8:30am

    Thursday, May 23, 2019

    For: Mar

    Current Month:
    Wholesale sales rose for the fourth consecutive month, up 1.4% to $64.1 billion in March.

    Previous Month:
    Wholesale sales increased 0.3% to $63.7 billion in February, the third consecutive monthly gain.
  • Employment Insurance: 8:30am

    Thursday, May 23, 2019

    For: Mar

    Current Month:
    In March, 436,600 people received regular Employment Insurance benefits, down 4,400 (or 1.0%) from February.

    Previous Month:
    In February, 441,200 people received regular Employment Insurance benefits, an increase of 4,400 or 1.0% from January.
  • BoC Rate Announcement

    Wednesday, May 29, 2019

    For: May

    Current Month:
    ---

    Previous 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%
  • Average Weekly Earnings

    Thursday, May 30, 2019

    For: Mar

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $1,007 in February, little changed from the previous month. Compared with 12 months earlier, earnings grew by 1.1%
  • Industrial Product Price Index: 8:30am

    Friday, May 31, 2019

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index rose 1.3% in March, mainly due to higher prices for energy and petroleum products.
  • Raw Materials Price Index: 8:30am

    Friday, May 31, 2019

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index increased 2.8%, primarily due to higher prices for crude energy products.
  • GDP: 8:30am

    Friday, May 31, 2019

    For: Mar

    Current Month:
    ---

    Previous Month:
    Canada's gross domestic product contracted by 0.1 per cent in February, as the finance, manufacturing, mining and oil and gas sectors all shrank.