Canadian Economic Calendar - June 2023

DateStatisticForCurrent MonthPrevious Month
Thursday, June 1, 2023Markit Canada Manufacturing PMI 9:30 a.m. MayThe PMI sank below 50 for the second time in three months, to 49 in May after hitting 50.2 in April. Any reading below 50 indicates contraction in the sector.The PMI rose to a seasonally adjusted 50.2 in April after hitting 48.6 in March, its lowest level since June 2020. A reading above 50 indicates expansion in the sector.
Tuesday, June 6, 2023Building Permits: 8:30amAprThe total monthly value of building permits in Canada declined 18.8% to $9.6 billion in April.The total monthly value of building permits in Canada advanced 11.3% to $11.8 billion in March.
Tuesday, June 6, 2023IVEY Purchasing Managers Index: 10:00amMayThe index plummeted to 53.5 in May from April's 56.8, and significantly lower than the 61.9 figure in May 2022The index dwindled to 56.8 in April from March's 58.2, and much lower than the 69.9 figure in April 2022
Wednesday, June 7, 2023BoC Interest Rate Decision: 10:00amJuneThe Bank of Canada today increased 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 also continuing its policy of quantitative tightening.The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4.5%. The Bank is also continuing its policy of quantitative tightening.
Wednesday, June 7, 2023Canadian International Merchandise Trade: 8:30amAprCanada's merchandise exports increased 2.5% in April, while imports edged down 0.2%. As a result, Canada's merchandise trade surplus with the world widened from $231 million in March to $1.9 billion in April.In March, Canada's merchandise imports decreased 2.9%, while exports were down 0.7%. As a result, Canada's merchandise trade balance with the world moved from a revised $487 million deficit in February to a $972 million surplus in March.
Friday, June 9, 2023Labour Force Survey: 8:30amMayEmployment was little changed in May, having fallen by 77,000 (-2.8%) for youth aged 15 to 24, and increased by 63,000 (+0.5%) among people aged 25 to 54.Employment rose by 41,000 (+0.2%) in April, all in part-time work.
Wednesday, June 14, 2023New Motor Vehicle Sales: 7:30amApr---Car Registrations in Canada increased to 150956 Units in March from 109781 Units in February of 2023
Thursday, June 15, 2023CREAstats - MLS Sales: 8:30amMay---National home sales jumped by double digits on a month-over-month basis. National home sales surged 11.3% month-over-month in April. Actual (not seasonally adjusted) monthly activity came in 19.5% below April 2022.
Thursday, June 15, 2023Housing Starts: 8:15amMay---The Canadian Mortgage and Housing Corporation showed April housing starts rose 261,559, above expectations by economists Reuters had polled.
Thursday, June 15, 2023Monthly Survey of Manufacturing: 8:30amApr---Manufacturing sales rose 0.7% in March, mainly on higher sales in the transportation equipment and primary metal industries.
Friday, June 16, 2023Canada's International Transactions in Securities: 8:30amApr---Foreign investors reduced their exposure to Canadian securities by $19.1 billion in March, the largest divestment since September 2022. Meanwhile, Canadian investors reduced their holdings of foreign securities by $5.6 billion in March 2023, a fourth consecutive monthly divestment.
Friday, June 16, 2023Wholesale Trade: 8:30amApr---Wholesale sales excluding petroleum fell 0.1% to $85.6 billion in March. The decrease in sales was mainly led by the miscellaneous subsector and machinery equipment and supplies subsector.
Monday, June 19, 2023Raw Materials Price Index: 8:30amMay---The Raw Materials Price Index rose 2.9% on a monthly basis in April 2023 and fell 10.8% year over year.
Monday, June 19, 2023Industrial Product Price Index: 8:30amMay---The Industrial Product Price Index fell 0.2% month over month in April, and was 3.5% lower than April 2022.
Wednesday, June 21, 2023Retail Trade: 8:30amApr---Retail sales decreased 1.4% to $65.3 billion in March.
Wednesday, June 21, 2023New Housing Price Index: 8:30amMay---The national index edged down 0.1% month over month in April. The index has declined six times since August 2022 (at its historical peak)
Tuesday, June 27, 2023Consumer Price Index: 8:30amMay---The Consumer Price Index (CPI) rose 4.4% on a year-over-year basis in April, following a 4.3% increase in March. On a seasonally adjusted monthly basis, the CPI rose 0.6% in April.
Thursday, June 29, 2023Payroll Employment, Earnings and Hours: 8:30amApr---The number of employees receiving pay or benefits from their employer—measured as "payroll employees" in the Survey of Employment, Payrolls and Hours—was little changed in March (-9,900).
Friday, June 30, 2023GDP: 8:30amApr---Real gross domestic product rose 0.8% in the first quarter, after posting no change in the previous quarter.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Thursday, June 1, 2023

    For: May

    Current Month:
    The PMI sank below 50 for the second time in three months, to 49 in May after hitting 50.2 in April. Any reading below 50 indicates contraction in the sector.

    Previous Month:
    The PMI rose to a seasonally adjusted 50.2 in April after hitting 48.6 in March, its lowest level since June 2020. A reading above 50 indicates expansion in the sector.
  • Building Permits: 8:30am

    Tuesday, June 6, 2023

    For: Apr

    Current Month:
    The total monthly value of building permits in Canada declined 18.8% to $9.6 billion in April.

    Previous Month:
    The total monthly value of building permits in Canada advanced 11.3% to $11.8 billion in March.
  • IVEY Purchasing Managers Index: 10:00am

    Tuesday, June 6, 2023

    For: May

    Current Month:
    The index plummeted to 53.5 in May from April's 56.8, and significantly lower than the 61.9 figure in May 2022

    Previous Month:
    The index dwindled to 56.8 in April from March's 58.2, and much lower than the 69.9 figure in April 2022
  • BoC Interest Rate Decision: 10:00am

    Wednesday, June 7, 2023

    For: June

    Current Month:
    The Bank of Canada today increased 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 also continuing its policy of quantitative tightening.

    Previous Month:
    The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4.5%. The Bank is also continuing its policy of quantitative tightening.
  • Canadian International Merchandise Trade: 8:30am

    Wednesday, June 7, 2023

    For: Apr

    Current Month:
    Canada's merchandise exports increased 2.5% in April, while imports edged down 0.2%. As a result, Canada's merchandise trade surplus with the world widened from $231 million in March to $1.9 billion in April.

    Previous Month:
    In March, Canada's merchandise imports decreased 2.9%, while exports were down 0.7%. As a result, Canada's merchandise trade balance with the world moved from a revised $487 million deficit in February to a $972 million surplus in March.
  • Labour Force Survey: 8:30am

    Friday, June 9, 2023

    For: May

    Current Month:
    Employment was little changed in May, having fallen by 77,000 (-2.8%) for youth aged 15 to 24, and increased by 63,000 (+0.5%) among people aged 25 to 54.

    Previous Month:
    Employment rose by 41,000 (+0.2%) in April, all in part-time work.
  • New Motor Vehicle Sales: 7:30am

    Wednesday, June 14, 2023

    For: Apr

    Current Month:
    ---

    Previous Month:
    Car Registrations in Canada increased to 150956 Units in March from 109781 Units in February of 2023
  • CREAstats - MLS Sales: 8:30am

    Thursday, June 15, 2023

    For: May

    Current Month:
    ---

    Previous Month:
    National home sales jumped by double digits on a month-over-month basis. National home sales surged 11.3% month-over-month in April. Actual (not seasonally adjusted) monthly activity came in 19.5% below April 2022.
  • Housing Starts: 8:15am

    Thursday, June 15, 2023

    For: May

    Current Month:
    ---

    Previous Month:
    The Canadian Mortgage and Housing Corporation showed April housing starts rose 261,559, above expectations by economists Reuters had polled.
  • Monthly Survey of Manufacturing: 8:30am

    Thursday, June 15, 2023

    For: Apr

    Current Month:
    ---

    Previous Month:
    Manufacturing sales rose 0.7% in March, mainly on higher sales in the transportation equipment and primary metal industries.
  • Canada's International Transactions in Securities: 8:30am

    Friday, June 16, 2023

    For: Apr

    Current Month:
    ---

    Previous Month:
    Foreign investors reduced their exposure to Canadian securities by $19.1 billion in March, the largest divestment since September 2022. Meanwhile, Canadian investors reduced their holdings of foreign securities by $5.6 billion in March 2023, a fourth consecutive monthly divestment.
  • Wholesale Trade: 8:30am

    Friday, June 16, 2023

    For: Apr

    Current Month:
    ---

    Previous Month:
    Wholesale sales excluding petroleum fell 0.1% to $85.6 billion in March. The decrease in sales was mainly led by the miscellaneous subsector and machinery equipment and supplies subsector.
  • Raw Materials Price Index: 8:30am

    Monday, June 19, 2023

    For: May

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index rose 2.9% on a monthly basis in April 2023 and fell 10.8% year over year.
  • Industrial Product Price Index: 8:30am

    Monday, June 19, 2023

    For: May

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index fell 0.2% month over month in April, and was 3.5% lower than April 2022.
  • Retail Trade: 8:30am

    Wednesday, June 21, 2023

    For: Apr

    Current Month:
    ---

    Previous Month:
    Retail sales decreased 1.4% to $65.3 billion in March.
  • New Housing Price Index: 8:30am

    Wednesday, June 21, 2023

    For: May

    Current Month:
    ---

    Previous Month:
    The national index edged down 0.1% month over month in April. The index has declined six times since August 2022 (at its historical peak)
  • Consumer Price Index: 8:30am

    Tuesday, June 27, 2023

    For: May

    Current Month:
    ---

    Previous Month:
    The Consumer Price Index (CPI) rose 4.4% on a year-over-year basis in April, following a 4.3% increase in March. On a seasonally adjusted monthly basis, the CPI rose 0.6% in April.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, June 29, 2023

    For: Apr

    Current Month:
    ---

    Previous Month:
    The number of employees receiving pay or benefits from their employer—measured as "payroll employees" in the Survey of Employment, Payrolls and Hours—was little changed in March (-9,900).
  • GDP: 8:30am

    Friday, June 30, 2023

    For: Apr

    Current Month:
    ---

    Previous Month:
    Real gross domestic product rose 0.8% in the first quarter, after posting no change in the previous quarter.