Canadian Economic Calendar - July 2018

DateStatisticForCurrent MonthPrevious Month
Tuesday, July 03, 2018Markit Canada Manufacturing PMI: 9:30 amJuneThe IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI), a measure of manufacturing business conditions, rose to a seasonally adjusted 57.1 last month from 56.2 in May. A reading above 50 shows growth in the sector. At 56.2, up from 55.5 in April, the headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index pointed to the strongest overall improvement in business conditions since April 2011.
Friday, July 06, 2018Labour Force Survey: 8:30amJuneAfter two consecutive months of little change, employment rose by 32,000 in June. With more people searching for work, the unemployment rate increased by 0.2 percentage points to 6.0%. Compared with June 2017, employment increased by 215,000 or 1.2%, with all the growth in full-time work. Over the same period, total hours worked grew by 1.4%.Employment was little changed in May, and the unemployment rate was 5.8% for the fourth consecutive month.
Friday, July 06, 2018IVEY Purchasing Managers Index: 10:00amJuneWestern University’s IVEY School of Business reported its Purchasing Managers Index (PMI) came in for June at 63.1, up from May’s reading of 62.5, and a 61.6 level for June 2017. The Ivey Purchasing Manager's Index (seasonally adjusted) for May stands at 62.5, indicating that purchases were considerably lower than the previous month. That compares with 71.5 in April, and with 53.8 in May 2017
Friday, July 06, 2018Canadian International Merchandise Trade: 8:30amMayCanada's merchandise trade deficit with the world totalled $2.8 billion in May, widening from a $1.9 billion deficit in April. Imports rose 1.7% while exports edged down 0.1%.Canada's exports rose 1.6% to a record $48.6 billion in April, while imports were down 2.5% to $50.5 billion. As a result, Canada's merchandise trade deficit with the world narrowed from $3.9 billion in March to $1.9 billion in April.
Tuesday, July 10, 2018Building Permits: 8:30amMayThe value of permits issued by Canadian municipalities increased 4.7% to $8.2 billion in May. Municipalities issued $7.8 billion worth of building permits in April, down 4.6% from March. Declines were reported in every component except commercial buildings.
Wednesday, July 11, 2018Housing Starts: 8:15amJuneCanada Mortgage and Housing Corp. says the annual pace of home building increased in June, boosted by a jump in multi-unit projects. CMHC says the seasonally adjusted annual rate of housing starts increased to 248,138 units in June, up from 193,902 in May.The trend in housing starts was 216,362 units in May, compared to 225,481 units in April, according to Canada Mortgage and Housing Corporation
Wednesday, July 11, 2018BoC Rate Announcement: 10:00amJulyThe Bank of Canada today increased its target for the overnight rate to 1.5%. The Bank Rate is correspondingly 1.75% and the deposit rate is 1.25%---
Thursday, July 12, 2018New Housing Price Index: 8:30amMayCanadian new house prices remained unchanged on a national basis in May, for a third consecutive month.New house prices in Canada were unchanged for a second consecutive month, despite increases in some pockets across the country.
Monday, July 16, 2018Canada's International Transactions in Securities: 8:30amMayForeign investment in Canadian securities slowed to $2.2 billion in May, down from $9.1 billion in April. Meanwhile, Canadian investors resumed their investment in foreign securities by adding $5.7 billion worth to their holdings, mainly in foreign bonds.Foreign investment in Canadian securities totalled $9.1 billion in April, up from $6.4 billion in March. At the same time, Canadian investors reduced their holdings of foreign securities by $652 million, on large sales of U.S. shares.
Monday, July 16, 2018CREAstats - MLS Sales: 8:30amJuneStatistics released today by the Canadian Real Estate Association (CREA) show national home sales rose 4.1% from May to June. Actual (not seasonally-adjusted) activity was down 10.7% from June 2017.Resales of Canadian homes fell 0.1% in May from April to the lowest level in more than five years, the Canadian Real Estate Association said on Friday. CREA said actual sales, not seasonally adjusted, fell 16.2% from a year earlier, while the group’s Home Price Index was up 1% from May 2017.
Tuesday, July 17, 2018Monthly Survey of Manufacturing: 8:30amMayManufacturing sales increased 1.4% to $57.1 billion in May, led by the chemical, machinery, and wood product industries.Manufacturing sales fell 1.3% to $56.2 billion in April, following two consecutive monthly increases. Sales in the petroleum and coal products and transportation equipment industries accounted for much of the decrease in April. Excluding these two industries, manufacturing sales rose 0.4%.
Thursday, July 19, 2018Employment Insurance: 8:30amMay---In April, 453,100 people received regular Employment Insurance (EI) benefits, down 15,900 (-3.4%) from March, continuing the downward trend that began in the fall of 2016. The number of EI beneficiaries in April was at its lowest level since comparable data became available in 1997.
Friday, July 20, 2018Consumer Price Index: 8:30amJune---The Consumer Price Index rose 2.2% on a year-over-year basis in May, matching the increase in April. On a seasonally adjusted monthly basis, the Consumer Price Index was up 0.1% in May.
Friday, July 20, 2018Retail Trade: 8:30amMay---Following three consecutive monthly increases, retail sales in April declined 1.2% to $49.5 billion.
Monday, July 23, 2018Wholesale Trade: 8:30amMay---Wholesale sales edged up 0.1% to $63.1 billion in April. Increases in the machinery, equipment and supplies and the food, beverage and tobacco sub-sectors were almost completely offset by declines in the motor vehicle and parts sub-sector.
Thursday, July 26, 2018Average Weekly EarningsMay---The average weekly earnings of non-farm payroll employees were $995 in April, virtually unchanged compared with the previous month.
Tuesday, July 31, 2018GDP: 8:30amMay---Real gross domestic product edged up 0.1% in April as 12 of 20 industrial sectors increased.
Tuesday, July 31, 2018Industrial Product Price Index: 8:30amJune---The Industrial Product Price Index increased 1.0% in May, mainly due to higher prices for energy and petroleum products.
Tuesday, July 31, 2018Raw Materials Price Index: 8:30amJune---The Raw Materials Price Index rose 3.8% in May, primarily due to higher prices for crude energy products.
  • Markit Canada Manufacturing PMI: 9:30 am

    Tuesday, July 03, 2018

    For: June

    Current Month:
    The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI), a measure of manufacturing business conditions, rose to a seasonally adjusted 57.1 last month from 56.2 in May. A reading above 50 shows growth in the sector.

    Previous Month:
    At 56.2, up from 55.5 in April, the headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index pointed to the strongest overall improvement in business conditions since April 2011.
  • Labour Force Survey: 8:30am

    Friday, July 06, 2018

    For: June

    Current Month:
    After two consecutive months of little change, employment rose by 32,000 in June. With more people searching for work, the unemployment rate increased by 0.2 percentage points to 6.0%. Compared with June 2017, employment increased by 215,000 or 1.2%, with all the growth in full-time work. Over the same period, total hours worked grew by 1.4%.

    Previous Month:
    Employment was little changed in May, and the unemployment rate was 5.8% for the fourth consecutive month.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, July 06, 2018

    For: June

    Current Month:
    Western University’s IVEY School of Business reported its Purchasing Managers Index (PMI) came in for June at 63.1, up from May’s reading of 62.5, and a 61.6 level for June 2017.

    Previous Month:
    The Ivey Purchasing Manager's Index (seasonally adjusted) for May stands at 62.5, indicating that purchases were considerably lower than the previous month. That compares with 71.5 in April, and with 53.8 in May 2017
  • Canadian International Merchandise Trade: 8:30am

    Friday, July 06, 2018

    For: May

    Current Month:
    Canada's merchandise trade deficit with the world totalled $2.8 billion in May, widening from a $1.9 billion deficit in April. Imports rose 1.7% while exports edged down 0.1%.

    Previous Month:
    Canada's exports rose 1.6% to a record $48.6 billion in April, while imports were down 2.5% to $50.5 billion. As a result, Canada's merchandise trade deficit with the world narrowed from $3.9 billion in March to $1.9 billion in April.
  • Building Permits: 8:30am

    Tuesday, July 10, 2018

    For: May

    Current Month:
    The value of permits issued by Canadian municipalities increased 4.7% to $8.2 billion in May.

    Previous Month:
    Municipalities issued $7.8 billion worth of building permits in April, down 4.6% from March. Declines were reported in every component except commercial buildings.
  • Housing Starts: 8:15am

    Wednesday, July 11, 2018

    For: June

    Current Month:
    Canada Mortgage and Housing Corp. says the annual pace of home building increased in June, boosted by a jump in multi-unit projects. CMHC says the seasonally adjusted annual rate of housing starts increased to 248,138 units in June, up from 193,902 in May.

    Previous Month:
    The trend in housing starts was 216,362 units in May, compared to 225,481 units in April, according to Canada Mortgage and Housing Corporation
  • BoC Rate Announcement: 10:00am

    Wednesday, July 11, 2018

    For: July

    Current Month:
    The Bank of Canada today increased its target for the overnight rate to 1.5%. The Bank Rate is correspondingly 1.75% and the deposit rate is 1.25%

    Previous Month:
    ---
  • New Housing Price Index: 8:30am

    Thursday, July 12, 2018

    For: May

    Current Month:
    Canadian new house prices remained unchanged on a national basis in May, for a third consecutive month.

    Previous Month:
    New house prices in Canada were unchanged for a second consecutive month, despite increases in some pockets across the country.
  • Canada's International Transactions in Securities: 8:30am

    Monday, July 16, 2018

    For: May

    Current Month:
    Foreign investment in Canadian securities slowed to $2.2 billion in May, down from $9.1 billion in April. Meanwhile, Canadian investors resumed their investment in foreign securities by adding $5.7 billion worth to their holdings, mainly in foreign bonds.

    Previous Month:
    Foreign investment in Canadian securities totalled $9.1 billion in April, up from $6.4 billion in March. At the same time, Canadian investors reduced their holdings of foreign securities by $652 million, on large sales of U.S. shares.
  • CREAstats - MLS Sales: 8:30am

    Monday, July 16, 2018

    For: June

    Current Month:
    Statistics released today by the Canadian Real Estate Association (CREA) show national home sales rose 4.1% from May to June. Actual (not seasonally-adjusted) activity was down 10.7% from June 2017.

    Previous Month:
    Resales of Canadian homes fell 0.1% in May from April to the lowest level in more than five years, the Canadian Real Estate Association said on Friday. CREA said actual sales, not seasonally adjusted, fell 16.2% from a year earlier, while the group’s Home Price Index was up 1% from May 2017.
  • Monthly Survey of Manufacturing: 8:30am

    Tuesday, July 17, 2018

    For: May

    Current Month:
    Manufacturing sales increased 1.4% to $57.1 billion in May, led by the chemical, machinery, and wood product industries.

    Previous Month:
    Manufacturing sales fell 1.3% to $56.2 billion in April, following two consecutive monthly increases. Sales in the petroleum and coal products and transportation equipment industries accounted for much of the decrease in April. Excluding these two industries, manufacturing sales rose 0.4%.
  • Employment Insurance: 8:30am

    Thursday, July 19, 2018

    For: May

    Current Month:
    ---

    Previous Month:
    In April, 453,100 people received regular Employment Insurance (EI) benefits, down 15,900 (-3.4%) from March, continuing the downward trend that began in the fall of 2016. The number of EI beneficiaries in April was at its lowest level since comparable data became available in 1997.
  • Consumer Price Index: 8:30am

    Friday, July 20, 2018

    For: June

    Current Month:
    ---

    Previous Month:
    The Consumer Price Index rose 2.2% on a year-over-year basis in May, matching the increase in April. On a seasonally adjusted monthly basis, the Consumer Price Index was up 0.1% in May.
  • Retail Trade: 8:30am

    Friday, July 20, 2018

    For: May

    Current Month:
    ---

    Previous Month:
    Following three consecutive monthly increases, retail sales in April declined 1.2% to $49.5 billion.
  • Wholesale Trade: 8:30am

    Monday, July 23, 2018

    For: May

    Current Month:
    ---

    Previous Month:
    Wholesale sales edged up 0.1% to $63.1 billion in April. Increases in the machinery, equipment and supplies and the food, beverage and tobacco sub-sectors were almost completely offset by declines in the motor vehicle and parts sub-sector.
  • Average Weekly Earnings

    Thursday, July 26, 2018

    For: May

    Current Month:
    ---

    Previous Month:
    The average weekly earnings of non-farm payroll employees were $995 in April, virtually unchanged compared with the previous month.
  • GDP: 8:30am

    Tuesday, July 31, 2018

    For: May

    Current Month:
    ---

    Previous Month:
    Real gross domestic product edged up 0.1% in April as 12 of 20 industrial sectors increased.
  • Industrial Product Price Index: 8:30am

    Tuesday, July 31, 2018

    For: June

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index increased 1.0% in May, mainly due to higher prices for energy and petroleum products.
  • Raw Materials Price Index: 8:30am

    Tuesday, July 31, 2018

    For: June

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index rose 3.8% in May, primarily due to higher prices for crude energy products.