Canadian Economic Calendar - January 2019

DateStatisticForCurrent MonthPrevious Month
Wednesday, January 02, 2019Markit Canada Manufacturing PMI: 9:30 amDecThe IHS Markit Canada Manufacturing Purchasing Managers' index, a measure of manufacturing business conditions, fell to a seasonally adjusted 53.6 last month, its lowest since January 2017, from 54.9 in November. A reading above 50 shows growth in the sector. The headline seasonally-adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index registered 54.9 in November, up from 53.9 in October, to signal the sharpest improvement in business conditions since August.
Friday, January 04, 2019Labour Force Survey: 8:30amDecEmployment held steady in December and the unemployment rate was unchanged at 5.6%.Employment rose by 94,000 in November, driven by gains in full-time work. The unemployment rate decreased 0.2 percentage points to 5.6%, the lowest since comparable data became available in 1976.
Monday, January 07, 2019IVEY Purchasing Managers Index: 10:00amDecWestern University’s IVEY School of Business said its Purchasing Managers Index registered 59.7 for December, compared to 57.2 the month before and 60.4 in December 2017. The PMI for November registered at 57.2, below the reading of 61.8 for October, and 63 for November 2017.
Tuesday, January 08, 2019Canadian International Merchandise Trade: 8:30amNovCanadian exports fell 2.9% in November, while imports decreased 0.5%. As a result, Canada's merchandise trade deficit with the world widened from $851 million in October to $2.1 billion in November.Canada's exports fell 1.2% in October, while imports were down 0.6%. As a result, Canada's merchandise trade deficit with the world widened from $891 million in September to $1.2 billion in October.
Wednesday, January 09, 2019Housing Starts: 8:15amDecThe seasonally adjusted annualized rate of housing starts fell to 213,419 units from an upwardly revised 224,349 units in November, the Canadian Mortgage and Housing Corporation (CMHC) said. The trend in housing starts was 210,038 units in November 2018, compared to 206,460 units in October 2018, according to Canada Mortgage and Housing Corporation
Wednesday, January 09, 2019BoC rate announcement 10:00amDecThe Bank of Canada kept its benchmark interest rate unchanged at 1.75% on Wednesday amid signs of a cooling economy and consumer financial stress. 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, January 10, 2019Building Permits: 8:30amNovCanadian municipalities issued $8.3 billion worth of building permits in November, up 2.6% from October. Higher construction intentions for commercial buildings drove most of the gain.Canadian municipalities issued $8.1 billion worth of building permits in October, edging down 0.2% from September. The decrease was mainly attributable to lower construction intentions for industrial and institutional buildings.
Thursday, January 10, 2019New Housing Price Index: 8:30amNovNew housing prices at the national level were unchanged for a fourth consecutive month.New housing prices were unchanged on a national basis for a third month in a row. In October, new home buyers in 16 of the 27 census metropolitan areas surveyed saw flat or lower prices. Prices at the national level have remained largely unchanged since November 2017.
Tuesday, January 15, 2019CREAstats - MLS Sales: 8:30amDecNational home sales fell 2.5% from November to December. Actual (not seasonally-adjusted) activity was down by 19% from one year ago.Home sales via Canadian MLS® Systems fell by 2.3% in November 2018, adding to the decline in October of 1.7%. While the number of homes trading hands is still up from its low point in the spring, it remains below monthly levels posted from 2014 through 2017.
Friday, January 18, 2019Canada's International Transactions in Securities: 8:30amNov---Foreign investment in Canadian securities totalled $4.0 billion in October, down from $7.8 billion in September. At the same time, Canadian investment in foreign securities increased to $14.9 billion, the largest investment since January 2018.
Friday, January 18, 2019Consumer Price Index: 8:30amDec---CPI rose 1.7% on a year-over-year basis in November, following a 2.4% increase in October. On a seasonally adjusted monthly basis, the CPI declined 0.2% in November.
Tuesday, January 22, 2019Wholesale Trade: 8:30amNov---Wholesale sales rose 1.0% to $63.8 billion in October, more than offsetting the 0.7% decline in September. Sales were up in four of seven sub-sectors, representing about 68% of total wholesale sales.
Tuesday, January 22, 2019Monthly Survey of Manufacturing: 8:30amNov---Manufacturing sales edged down 0.1% in October to $58.2 billion, following four increases in the previous five months.
Wednesday, January 23, 2019Retail Trade: 8:30amNov---Retail sales increased 0.3% to $51.0 billion in October. Higher sales at motor vehicle and parts dealers and gasoline stations were the main contributors to the gain. Excluding these two sub-sectors, retail sales declined 0.4%.
Thursday, January 24, 2019Employment Insurance: 8:30amNov---The number of regular Employment Insurance beneficiaries fell for a third consecutive month, down 6,500 or 1.5% from September to 439,600 in October.
Wednesday, January 30, 2019Average Weekly EarningsNov---Average weekly earnings of non-farm payroll employees were $1,009 in October, up 0.6% from the previous month. Compared with 12 months earlier, earnings increased by 2.5%.
Thursday, January 31, 2019GDP: 8:30amNov---Real gross domestic product expanded 0.3% in October, following a 0.1% decrease in September. There was growth in 15 of 20 industrial sectors, led by increases in manufacturing, finance and insurance and wholesale trade.
Thursday, January 31, 2019Industrial Product Price Index: 8:30amDec---Prices for products sold by Canadian manufacturers, as measured by the Industrial Product Price Index (IPPI), decreased 0.8% in November, mainly due to lower prices for energy and petroleum products.
Thursday, January 31, 2019Raw Materials Price Index: 8:30amDec---Prices for raw materials purchased by Canadian manufacturers, as measured by the Raw Materials Price Index (RMPI), fell 11.7%, largely reflecting lower prices for crude energy products.

  • Markit Canada Manufacturing PMI: 9:30 am

    Wednesday, January 02, 2019

    For: Dec

    Current Month:
    The IHS Markit Canada Manufacturing Purchasing Managers' index, a measure of manufacturing business conditions, fell to a seasonally adjusted 53.6 last month, its lowest since January 2017, from 54.9 in November. A reading above 50 shows growth in the sector.

    Previous Month:
    The headline seasonally-adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index registered 54.9 in November, up from 53.9 in October, to signal the sharpest improvement in business conditions since August.

  • Labour Force Survey: 8:30am

    Friday, January 04, 2019

    For: Dec

    Current Month:
    Employment held steady in December and the unemployment rate was unchanged at 5.6%.

    Previous Month:
    Employment rose by 94,000 in November, driven by gains in full-time work. The unemployment rate decreased 0.2 percentage points to 5.6%, the lowest since comparable data became available in 1976.

  • IVEY Purchasing Managers Index: 10:00am

    Monday, January 07, 2019

    For: Dec

    Current Month:
    Western University’s IVEY School of Business said its Purchasing Managers Index registered 59.7 for December, compared to 57.2 the month before and 60.4 in December 2017.

    Previous Month:
    The PMI for November registered at 57.2, below the reading of 61.8 for October, and 63 for November 2017.

  • Canadian International Merchandise Trade: 8:30am

    Tuesday, January 08, 2019

    For: Nov

    Current Month:
    Canadian exports fell 2.9% in November, while imports decreased 0.5%. As a result, Canada's merchandise trade deficit with the world widened from $851 million in October to $2.1 billion in November.

    Previous Month:
    Canada's exports fell 1.2% in October, while imports were down 0.6%. As a result, Canada's merchandise trade deficit with the world widened from $891 million in September to $1.2 billion in October.

  • Housing Starts: 8:15am

    Wednesday, January 09, 2019

    For: Dec

    Current Month:
    The seasonally adjusted annualized rate of housing starts fell to 213,419 units from an upwardly revised 224,349 units in November, the Canadian Mortgage and Housing Corporation (CMHC) said.

    Previous Month:
    The trend in housing starts was 210,038 units in November 2018, compared to 206,460 units in October 2018, according to Canada Mortgage and Housing Corporation

  • BoC rate announcement 10:00am

    Wednesday, January 09, 2019

    For: Dec

    Current Month:
    The Bank of Canada kept its benchmark interest rate unchanged at 1.75% on Wednesday amid signs of a cooling economy and consumer financial stress.

    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%

  • Building Permits: 8:30am

    Thursday, January 10, 2019

    For: Nov

    Current Month:
    Canadian municipalities issued $8.3 billion worth of building permits in November, up 2.6% from October. Higher construction intentions for commercial buildings drove most of the gain.

    Previous Month:
    Canadian municipalities issued $8.1 billion worth of building permits in October, edging down 0.2% from September. The decrease was mainly attributable to lower construction intentions for industrial and institutional buildings.

  • New Housing Price Index: 8:30am

    Thursday, January 10, 2019

    For: Nov

    Current Month:
    New housing prices at the national level were unchanged for a fourth consecutive month.

    Previous Month:
    New housing prices were unchanged on a national basis for a third month in a row. In October, new home buyers in 16 of the 27 census metropolitan areas surveyed saw flat or lower prices. Prices at the national level have remained largely unchanged since November 2017.

  • CREAstats - MLS Sales: 8:30am

    Tuesday, January 15, 2019

    For: Dec

    Current Month:
    National home sales fell 2.5% from November to December. Actual (not seasonally-adjusted) activity was down by 19% from one year ago.

    Previous Month:
    Home sales via Canadian MLS® Systems fell by 2.3% in November 2018, adding to the decline in October of 1.7%. While the number of homes trading hands is still up from its low point in the spring, it remains below monthly levels posted from 2014 through 2017.

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

    Friday, January 18, 2019

    For: Nov

    Current Month:
    ---

    Previous Month:
    Foreign investment in Canadian securities totalled $4.0 billion in October, down from $7.8 billion in September. At the same time, Canadian investment in foreign securities increased to $14.9 billion, the largest investment since January 2018.

  • Consumer Price Index: 8:30am

    Friday, January 18, 2019

    For: Dec

    Current Month:
    ---

    Previous Month:
    CPI rose 1.7% on a year-over-year basis in November, following a 2.4% increase in October. On a seasonally adjusted monthly basis, the CPI declined 0.2% in November.

  • Wholesale Trade: 8:30am

    Tuesday, January 22, 2019

    For: Nov

    Current Month:
    ---

    Previous Month:
    Wholesale sales rose 1.0% to $63.8 billion in October, more than offsetting the 0.7% decline in September. Sales were up in four of seven sub-sectors, representing about 68% of total wholesale sales.

  • Monthly Survey of Manufacturing: 8:30am

    Tuesday, January 22, 2019

    For: Nov

    Current Month:
    ---

    Previous Month:
    Manufacturing sales edged down 0.1% in October to $58.2 billion, following four increases in the previous five months.

  • Retail Trade: 8:30am

    Wednesday, January 23, 2019

    For: Nov

    Current Month:
    ---

    Previous Month:
    Retail sales increased 0.3% to $51.0 billion in October. Higher sales at motor vehicle and parts dealers and gasoline stations were the main contributors to the gain. Excluding these two sub-sectors, retail sales declined 0.4%.

  • Employment Insurance: 8:30am

    Thursday, January 24, 2019

    For: Nov

    Current Month:
    ---

    Previous Month:
    The number of regular Employment Insurance beneficiaries fell for a third consecutive month, down 6,500 or 1.5% from September to 439,600 in October.

  • Average Weekly Earnings

    Wednesday, January 30, 2019

    For: Nov

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $1,009 in October, up 0.6% from the previous month. Compared with 12 months earlier, earnings increased by 2.5%.

  • GDP: 8:30am

    Thursday, January 31, 2019

    For: Nov

    Current Month:
    ---

    Previous Month:
    Real gross domestic product expanded 0.3% in October, following a 0.1% decrease in September. There was growth in 15 of 20 industrial sectors, led by increases in manufacturing, finance and insurance and wholesale trade.

  • Industrial Product Price Index: 8:30am

    Thursday, January 31, 2019

    For: Dec

    Current Month:
    ---

    Previous Month:
    Prices for products sold by Canadian manufacturers, as measured by the Industrial Product Price Index (IPPI), decreased 0.8% in November, mainly due to lower prices for energy and petroleum products.

  • Raw Materials Price Index: 8:30am

    Thursday, January 31, 2019

    For: Dec

    Current Month:
    ---

    Previous Month:
    Prices for raw materials purchased by Canadian manufacturers, as measured by the Raw Materials Price Index (RMPI), fell 11.7%, largely reflecting lower prices for crude energy products.