Canadian Economic Calendar - June 2022

DateStatisticForCurrent MonthPrevious Month
Wednesday, June 1, 2022BoC Interest Rate Decision: 10:00amJuneThe Bank of Canada today increased its target for the overnight rate to 1.5%, with the Bank Rate at 1.75% and the deposit rate at 1.5%.The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%.
Wednesday, June 1, 2022Markit Canada Manufacturing PMI 9:30 a.m. MayThe index registered 56.8 in May, up from 56.2 in April.The Index registered at 56.2 in April, down from March's survey-record high of 58.9.
Thursday, June 2, 2022Building Permits: 8:30amAprilThe total value of building permits in Canada declined 0.6% in April to $11.7 billion.The total value of building permits in Canada decreased 9.3% in March to $11.7 billion, mainly due to the non-residential sector (-29.5% to $3.7 billion).
Tuesday, June 7, 2022IVEY Purchasing Managers Index: 10:00amMayThe index ballooned to 72 in May, from 66.3 in April and showed a vast improvement over the 64.7 figure for May 2021The index withered to 66.3 in April from 74.2 in March, but improved on the 60.6 figure from April 2021.
Tuesday, June 7, 2022Canadian International Merchandise Trade: 8:30amAprilGrowth in Canadian merchandise imports and exports slowed in April, with imports rising 1.9% and exports increasing 0.6%. As a result, Canada's merchandise trade surplus with the world narrowed from $2.3 billion in March to $1.5 billion in April.Canada's merchandise trade increased substantially in March, with both imports and exports reaching record highs. Imports increased 7.7%, while exports rose 6.3%. As a result, Canada's merchandise trade surplus with the world narrowed from $3.1 billion in February to $2.5 billion in March.
Friday, June 10, 2022Labour Force Survey: 8:30amMayEmployment rose by 40,000 in May and the unemployment rate edged down to 5.1%.Employment was little changed in April after two consecutive months of growth. The unemployment rate edged down 0.1 percentage points to 5.2%.
Tuesday, June 14, 2022Monthly Survey of Manufacturing: 8:30amAprilManufacturing sales increased 1.7% in April, mainly on higher sales of petroleum and coal products, motor vehicles, and primary metals.Manufacturing sales rose 2.5% in March, mainly on higher sales of petroleum and coal product, primary metals, and paper products.
Wednesday, June 15, 2022CREAstats - MLS Sales: 8:30amMayHome sales recorded over Canadian MLS Systems declined by 8.6% between April and May. National home sales dropped by 12.6% on a month-over-month basis in April.
Wednesday, June 15, 2022Housing Starts: 8:15amMayHousing starts in Canada jumped by 8% over a month earlier to 287,257 units in May, well above market expectations of 252,600 unitsHousing starts spiked 8% over a month earlier to 267,330 units in April above market expectations of 246,400 units.
Thursday, June 16, 2022Wholesale Trade: 8:30amAprilWholesale sales fell 0.5% in April to $79.8 billion, the second decrease in the past three months.Wholesale sales rose 0.3% in March to $79.8 billion.
Friday, June 17, 2022Raw Materials Price Index: 8:30amMayThe Raw Materials Price Index increased 2.5% on a monthly basis in May, and posted a 37.4% year-over-year increase.The Raw Materials Price Index decreased 2.0% on a monthly basis in April and rose 38.4% year over year.
Friday, June 17, 2022Industrial Product Price Index: 8:30amMayThe Industrial Product Price Index rose by 1.7% month over month in May and by 15.0% compared with May 2021.The Industrial Product Price Index rose 0.8% month over month in April and was up 16.4% year over year.
Friday, June 17, 2022Canada's International Transactions in Securities: 8:30amAprilCanadian investors purchased a record $29.2 billion of foreign securities in April, after a $46.2 billion divestment in the first quarter of 2022. At the same time, foreign acquisitions of Canadian securities totaled $22.2 billion, led by investment in new bonds denominated in foreign currencies.Foreign investors acquired $46.9 billion of Canadian securities in March, the largest investment since April 2020. At the same time, Canadian investors reduced their holdings of foreign securities by $24.0 billion, following a $9.9 billion divestment in February.
Tuesday, June 21, 2022Retail Trade: 8:30amAprilRetail sales increased 0.9% to $60.7 billion in April.Retail sales were virtually unchanged in March. Sales were up in 10 of 11 subsectors, led by higher sales at gasoline stations.
Tuesday, June 21, 2022New Housing Price Index: 8:30amMayNew home prices for Canada were up 0.5% in May compared with April, following a 0.3% rise in the previous month.In April, new home prices for Canada showed some signs of cooling from their average increase of 1.1% in the first three months of the year, as they rose 0.3% compared with March.
Wednesday, June 22, 2022Consumer Price Index: 8:30amMayCPI rose 7.7% on a year-over-year basis in May, up from a 6.8% gain in April. On a seasonally-adjusted monthly basis, the CPI increased 1.1% in May.CPI rose 6.8% on a year-over-year basis in April, up from a 6.7% gain in March. On a seasonally adjusted monthly basis, the CPI increased 0.7% in April.
Friday, June 24, 2022Payroll Employment, Earnings and Hours: 8:30amAprilThe number of employees receiving pay or benefits from their employer—measured by the Survey of Employment, Payrolls and Hours—increased by 126,000 (+0.7%) in April.The number of employees receiving pay or benefits from their employer—measured by the Survey of Employment, Payrolls and Hours as payroll employment—increased by 118,100 (+0.7%) in March.
Thursday, June 30, 2022GDP: 8:30amApril---Real gross domestic product rose 0.7% in March, led by growth in client-facing industries.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, June 1, 2022

    For: June

    Current Month:
    The Bank of Canada today increased its target for the overnight rate to 1.5%, with the Bank Rate at 1.75% and the deposit rate at 1.5%.

    Previous Month:
    The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Wednesday, June 1, 2022

    For: May

    Current Month:
    The index registered 56.8 in May, up from 56.2 in April.

    Previous Month:
    The Index registered at 56.2 in April, down from March's survey-record high of 58.9.
  • Building Permits: 8:30am

    Thursday, June 2, 2022

    For: April

    Current Month:
    The total value of building permits in Canada declined 0.6% in April to $11.7 billion.

    Previous Month:
    The total value of building permits in Canada decreased 9.3% in March to $11.7 billion, mainly due to the non-residential sector (-29.5% to $3.7 billion).
  • IVEY Purchasing Managers Index: 10:00am

    Tuesday, June 7, 2022

    For: May

    Current Month:
    The index ballooned to 72 in May, from 66.3 in April and showed a vast improvement over the 64.7 figure for May 2021

    Previous Month:
    The index withered to 66.3 in April from 74.2 in March, but improved on the 60.6 figure from April 2021.
  • Canadian International Merchandise Trade: 8:30am

    Tuesday, June 7, 2022

    For: April

    Current Month:
    Growth in Canadian merchandise imports and exports slowed in April, with imports rising 1.9% and exports increasing 0.6%. As a result, Canada's merchandise trade surplus with the world narrowed from $2.3 billion in March to $1.5 billion in April.

    Previous Month:
    Canada's merchandise trade increased substantially in March, with both imports and exports reaching record highs. Imports increased 7.7%, while exports rose 6.3%. As a result, Canada's merchandise trade surplus with the world narrowed from $3.1 billion in February to $2.5 billion in March.
  • Labour Force Survey: 8:30am

    Friday, June 10, 2022

    For: May

    Current Month:
    Employment rose by 40,000 in May and the unemployment rate edged down to 5.1%.

    Previous Month:
    Employment was little changed in April after two consecutive months of growth. The unemployment rate edged down 0.1 percentage points to 5.2%.
  • Monthly Survey of Manufacturing: 8:30am

    Tuesday, June 14, 2022

    For: April

    Current Month:
    Manufacturing sales increased 1.7% in April, mainly on higher sales of petroleum and coal products, motor vehicles, and primary metals.

    Previous Month:
    Manufacturing sales rose 2.5% in March, mainly on higher sales of petroleum and coal product, primary metals, and paper products.
  • CREAstats - MLS Sales: 8:30am

    Wednesday, June 15, 2022

    For: May

    Current Month:
    Home sales recorded over Canadian MLS Systems declined by 8.6% between April and May.

    Previous Month:
    National home sales dropped by 12.6% on a month-over-month basis in April.
  • Housing Starts: 8:15am

    Wednesday, June 15, 2022

    For: May

    Current Month:
    Housing starts in Canada jumped by 8% over a month earlier to 287,257 units in May, well above market expectations of 252,600 units

    Previous Month:
    Housing starts spiked 8% over a month earlier to 267,330 units in April above market expectations of 246,400 units.
  • Wholesale Trade: 8:30am

    Thursday, June 16, 2022

    For: April

    Current Month:
    Wholesale sales fell 0.5% in April to $79.8 billion, the second decrease in the past three months.

    Previous Month:
    Wholesale sales rose 0.3% in March to $79.8 billion.
  • Raw Materials Price Index: 8:30am

    Friday, June 17, 2022

    For: May

    Current Month:
    The Raw Materials Price Index increased 2.5% on a monthly basis in May, and posted a 37.4% year-over-year increase.

    Previous Month:
    The Raw Materials Price Index decreased 2.0% on a monthly basis in April and rose 38.4% year over year.
  • Industrial Product Price Index: 8:30am

    Friday, June 17, 2022

    For: May

    Current Month:
    The Industrial Product Price Index rose by 1.7% month over month in May and by 15.0% compared with May 2021.

    Previous Month:
    The Industrial Product Price Index rose 0.8% month over month in April and was up 16.4% year over year.
  • Canada's International Transactions in Securities: 8:30am

    Friday, June 17, 2022

    For: April

    Current Month:
    Canadian investors purchased a record $29.2 billion of foreign securities in April, after a $46.2 billion divestment in the first quarter of 2022. At the same time, foreign acquisitions of Canadian securities totaled $22.2 billion, led by investment in new bonds denominated in foreign currencies.

    Previous Month:
    Foreign investors acquired $46.9 billion of Canadian securities in March, the largest investment since April 2020. At the same time, Canadian investors reduced their holdings of foreign securities by $24.0 billion, following a $9.9 billion divestment in February.
  • Retail Trade: 8:30am

    Tuesday, June 21, 2022

    For: April

    Current Month:
    Retail sales increased 0.9% to $60.7 billion in April.

    Previous Month:
    Retail sales were virtually unchanged in March. Sales were up in 10 of 11 subsectors, led by higher sales at gasoline stations.
  • New Housing Price Index: 8:30am

    Tuesday, June 21, 2022

    For: May

    Current Month:
    New home prices for Canada were up 0.5% in May compared with April, following a 0.3% rise in the previous month.

    Previous Month:
    In April, new home prices for Canada showed some signs of cooling from their average increase of 1.1% in the first three months of the year, as they rose 0.3% compared with March.
  • Consumer Price Index: 8:30am

    Wednesday, June 22, 2022

    For: May

    Current Month:
    CPI rose 7.7% on a year-over-year basis in May, up from a 6.8% gain in April. On a seasonally-adjusted monthly basis, the CPI increased 1.1% in May.

    Previous Month:
    CPI rose 6.8% on a year-over-year basis in April, up from a 6.7% gain in March. On a seasonally adjusted monthly basis, the CPI increased 0.7% in April.
  • Payroll Employment, Earnings and Hours: 8:30am

    Friday, June 24, 2022

    For: April

    Current Month:
    The number of employees receiving pay or benefits from their employer—measured by the Survey of Employment, Payrolls and Hours—increased by 126,000 (+0.7%) in April.

    Previous Month:
    The number of employees receiving pay or benefits from their employer—measured by the Survey of Employment, Payrolls and Hours as payroll employment—increased by 118,100 (+0.7%) in March.
  • GDP: 8:30am

    Thursday, June 30, 2022

    For: April

    Current Month:
    ---

    Previous Month:
    Real gross domestic product rose 0.7% in March, led by growth in client-facing industries.