Canadian Economic Calendar - September 2018

DateStatisticForCurrent MonthPrevious Month
Tuesday, September 04, 2018Markit Canada Manufacturing PMI: 9:30 amAugThe seasonally-adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index dropped fractionally to 56.8 in August, from 56.9 in July, to signal the weakest overall improvement in business conditions since May. Slower new business growth was the main factor weighing on the headline index in August. Nonetheless, the latest reading remained well above the long-run survey average of 53.0. At 56.9 in July, the seasonally-adjusted IHS Markit, Canada Manufacturing Purchasing Managers’ Index fell only slightly from June’s survey record high of 57.1 and remained indicative of a strong improvement in overall business conditions.
Wednesday, September 05, 2018BoC Rate AnnouncementSeptThe Bank of Canada today maintained its target for the overnight rate at 1.5%. The Bank Rate is correspondingly 1.75% and the deposit rate is 1.25%---
Wednesday, September 05, 2018Canadian International Merchandise Trade: 8:30amJulyCanada's merchandise trade deficit with the world narrowed from $743 million in June to $114 million in July, the smallest deficit since the most recent surplus in December 2016. Exports increased 0.8%, while imports declined 0.4%.Canada's merchandise trade deficit with the world narrowed from $2.7 billion in May to $626 million in June, the smallest deficit since January 2017. Exports increased 4.1%, while imports edged down 0.2%
Thursday, September 06, 2018Building Permits: 8:30amJulyCanadian municipalities issued $8.2 billion worth of building permits in July, down 0.1% from June. The decrease was mainly attributable to lower construction intentions in British Columbia.In June, Canadian municipalities issued $8.1 billion worth of building permits, down 2.3% from the previous month.
Friday, September 07, 2018Labour Force Survey: 8:30amAugFollowing two months of increases, employment fell by 52,000 in August. Part-time employment declined by 92,000 while full-time employment edged up. At the same time, the unemployment rate increased 0.2 percentage points to 6.0%Employment rose by 54,000 in July, driven by gains in part-time work. The unemployment rate declined by 0.2 percentage points to 5.8%.
Friday, September 07, 2018IVEY Purchasing Managers Index: 10:00amAugThe Index (seasonally adjusted) for August stands at 61.9, indicating that purchases were greater than the previous month. The figure compared to 61.8 in July and 56.3 in August 2017 Western University’s IVEY School of Business reported its Purchasing Managers Index (PMI) came in for July at 61.8, down from June’s reading of 63.1, and July 2017's level of 60
Tuesday, September 11, 2018Housing Starts: 8:15amAugThe trend in housing starts was 214,598 units in August 2018, compared to 219,656 units in July 2018, according to Canada Mortgage and Housing Corporation The trend in housing starts was 219,988 units in July 2018, compared to 221,738 units in June 2018, according to Canada Mortgage and Housing Corporation
Thursday, September 13, 2018New Housing Price Index: 8:30amJulyNationally, new home prices were up for a second consecutive month in July. Builders in 15 of the 27 census metropolitan areas (CMAs) surveyed reported higher prices in July, pushing the Canada-level index up 0.1%.New home prices increased in June, marking the first upward movement since November 2017.
Monday, September 17, 2018Canada's International Transactions in Securities: 8:30amJulyForeign investment in Canadian securities reached $12.7 billion in July, mainly from acquisitions of federal government bonds. At the same time, Canadian investment in foreign securities totaled $13.1 billion, led by record purchases of foreign bonds.Foreign investment in Canadian securities totalled $11.5 billion in June, up from $3.0 billion in May. At the same time, Canadian investment in foreign securities increased to $11.3 billion, the largest investment since January 2018.
Monday, September 17, 2018CREAstats - MLS Sales: 8:30amAugNational home sales edged up by 0.9% in August 2018, marking a fourth consecutive monthly gain. However, sales activity is still running below levels in most other months going back to early 2014.Resales of Canadian homes rose 1.9% in July from June, notching the third straight monthly rise but remaining below the highs seen in recent years, the Canadian Real Estate Association said on Wednesday.
Tuesday, September 18, 2018Monthly Survey of Manufacturing: 8:30amJulyManufacturing sales increased for the third consecutive month in July, rising 0.9% to $58.6 billion.Manufacturing sales rose 1.1% to $58.1 billion in June, following a 1.5% increase in May, mainly due to sharply higher sales in the petroleum and coal product industry
Thursday, September 20, 2018Employment Insurance: 8:30amJulyIn July, 475,700 people received regular Employment Insurance benefits, an increase of 11,000 or 2.4% from June.In June, 460,000 people received regular Employment Insurance benefits, up 3,800, or 0.8%, from May.
Friday, September 21, 2018Consumer Price Index: 8:30amAugThe Consumer Price Index (CPI) rose 2.8% on a year-over-year basis in August, following a 3.0% increase in July. On a seasonally adjusted monthly basis, the CPI was up 0.1% in August, after increasing 0.5% in July.CPI rose 3.0% on a year-over-year basis in July, following a 2.5% increase in June. On a seasonally-adjusted monthly basis, the CPI was up 0.5% in July, after increasing 0.2% in June.
Friday, September 21, 2018Retail Trade: 8:30amJulyRetail sales rose 0.3% to $50.9 billion in July on higher sales at food and beverage stores and gasoline stations. Excluding the lower sales at motor vehicle and parts dealers, retail sales increased 0.9%.Retail sales edged down 0.2% in June to $50.7 billion. Sales were down in six of 11 sub-sectors, representing 52% of total retail trade.
Monday, September 24, 2018Wholesale Trade: 8:30amJuly---Wholesale sales declined for the second time in three months, down 0.8% to $63.1 billion in June. Sales were down in five of seven sub-sectors, accounting for 71% of total wholesale sales.
Thursday, September 27, 2018Average Weekly EarningsJuly---Average weekly earnings of non-farm payroll employees were $1,000 in June, little changed from the previous month. Compared with 12 months earlier, earnings increased 2.8%.
Friday, September 28, 2018GDP: 8:30amJuly---Real gross domestic product was essentially unchanged in June, following a 0.5% gain in May.
Friday, September 28, 2018Industrial Product Price Index: 8:30amAug---The Industrial Product Price Index declined 0.2% in July, led by lower prices for primary non ferrous metal products.
Friday, September 28, 2018Raw Materials Price Index: 8:30amAug---The Raw Materials Price Index rose 0.7%, primarily due to higher prices for crude energy products.

  • Markit Canada Manufacturing PMI: 9:30 am

    Tuesday, September 04, 2018

    For: Aug

    Current Month:
    The seasonally-adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index dropped fractionally to 56.8 in August, from 56.9 in July, to signal the weakest overall improvement in business conditions since May. Slower new business growth was the main factor weighing on the headline index in August. Nonetheless, the latest reading remained well above the long-run survey average of 53.0.

    Previous Month:
    At 56.9 in July, the seasonally-adjusted IHS Markit, Canada Manufacturing Purchasing Managers’ Index fell only slightly from June’s survey record high of 57.1 and remained indicative of a strong improvement in overall business conditions.

  • BoC Rate Announcement

    Wednesday, September 05, 2018

    For: Sept

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

    Previous Month:
    ---

  • Canadian International Merchandise Trade: 8:30am

    Wednesday, September 05, 2018

    For: July

    Current Month:
    Canada's merchandise trade deficit with the world narrowed from $743 million in June to $114 million in July, the smallest deficit since the most recent surplus in December 2016. Exports increased 0.8%, while imports declined 0.4%.

    Previous Month:
    Canada's merchandise trade deficit with the world narrowed from $2.7 billion in May to $626 million in June, the smallest deficit since January 2017. Exports increased 4.1%, while imports edged down 0.2%

  • Building Permits: 8:30am

    Thursday, September 06, 2018

    For: July

    Current Month:
    Canadian municipalities issued $8.2 billion worth of building permits in July, down 0.1% from June. The decrease was mainly attributable to lower construction intentions in British Columbia.

    Previous Month:
    In June, Canadian municipalities issued $8.1 billion worth of building permits, down 2.3% from the previous month.

  • Labour Force Survey: 8:30am

    Friday, September 07, 2018

    For: Aug

    Current Month:
    Following two months of increases, employment fell by 52,000 in August. Part-time employment declined by 92,000 while full-time employment edged up. At the same time, the unemployment rate increased 0.2 percentage points to 6.0%

    Previous Month:
    Employment rose by 54,000 in July, driven by gains in part-time work. The unemployment rate declined by 0.2 percentage points to 5.8%.

  • IVEY Purchasing Managers Index: 10:00am

    Friday, September 07, 2018

    For: Aug

    Current Month:
    The Index (seasonally adjusted) for August stands at 61.9, indicating that purchases were greater than the previous month. The figure compared to 61.8 in July and 56.3 in August 2017

    Previous Month:
    Western University’s IVEY School of Business reported its Purchasing Managers Index (PMI) came in for July at 61.8, down from June’s reading of 63.1, and July 2017's level of 60

  • Housing Starts: 8:15am

    Tuesday, September 11, 2018

    For: Aug

    Current Month:
    The trend in housing starts was 214,598 units in August 2018, compared to 219,656 units in July 2018, according to Canada Mortgage and Housing Corporation

    Previous Month:
    The trend in housing starts was 219,988 units in July 2018, compared to 221,738 units in June 2018, according to Canada Mortgage and Housing Corporation

  • New Housing Price Index: 8:30am

    Thursday, September 13, 2018

    For: July

    Current Month:
    Nationally, new home prices were up for a second consecutive month in July. Builders in 15 of the 27 census metropolitan areas (CMAs) surveyed reported higher prices in July, pushing the Canada-level index up 0.1%.

    Previous Month:
    New home prices increased in June, marking the first upward movement since November 2017.

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

    Monday, September 17, 2018

    For: July

    Current Month:
    Foreign investment in Canadian securities reached $12.7 billion in July, mainly from acquisitions of federal government bonds. At the same time, Canadian investment in foreign securities totaled $13.1 billion, led by record purchases of foreign bonds.

    Previous Month:
    Foreign investment in Canadian securities totalled $11.5 billion in June, up from $3.0 billion in May. At the same time, Canadian investment in foreign securities increased to $11.3 billion, the largest investment since January 2018.

  • CREAstats - MLS Sales: 8:30am

    Monday, September 17, 2018

    For: Aug

    Current Month:
    National home sales edged up by 0.9% in August 2018, marking a fourth consecutive monthly gain. However, sales activity is still running below levels in most other months going back to early 2014.

    Previous Month:
    Resales of Canadian homes rose 1.9% in July from June, notching the third straight monthly rise but remaining below the highs seen in recent years, the Canadian Real Estate Association said on Wednesday.

  • Monthly Survey of Manufacturing: 8:30am

    Tuesday, September 18, 2018

    For: July

    Current Month:
    Manufacturing sales increased for the third consecutive month in July, rising 0.9% to $58.6 billion.

    Previous Month:
    Manufacturing sales rose 1.1% to $58.1 billion in June, following a 1.5% increase in May, mainly due to sharply higher sales in the petroleum and coal product industry

  • Employment Insurance: 8:30am

    Thursday, September 20, 2018

    For: July

    Current Month:
    In July, 475,700 people received regular Employment Insurance benefits, an increase of 11,000 or 2.4% from June.

    Previous Month:
    In June, 460,000 people received regular Employment Insurance benefits, up 3,800, or 0.8%, from May.

  • Consumer Price Index: 8:30am

    Friday, September 21, 2018

    For: Aug

    Current Month:
    The Consumer Price Index (CPI) rose 2.8% on a year-over-year basis in August, following a 3.0% increase in July. On a seasonally adjusted monthly basis, the CPI was up 0.1% in August, after increasing 0.5% in July.

    Previous Month:
    CPI rose 3.0% on a year-over-year basis in July, following a 2.5% increase in June. On a seasonally-adjusted monthly basis, the CPI was up 0.5% in July, after increasing 0.2% in June.

  • Retail Trade: 8:30am

    Friday, September 21, 2018

    For: July

    Current Month:
    Retail sales rose 0.3% to $50.9 billion in July on higher sales at food and beverage stores and gasoline stations. Excluding the lower sales at motor vehicle and parts dealers, retail sales increased 0.9%.

    Previous Month:
    Retail sales edged down 0.2% in June to $50.7 billion. Sales were down in six of 11 sub-sectors, representing 52% of total retail trade.

  • Wholesale Trade: 8:30am

    Monday, September 24, 2018

    For: July

    Current Month:
    ---

    Previous Month:
    Wholesale sales declined for the second time in three months, down 0.8% to $63.1 billion in June. Sales were down in five of seven sub-sectors, accounting for 71% of total wholesale sales.

  • Average Weekly Earnings

    Thursday, September 27, 2018

    For: July

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $1,000 in June, little changed from the previous month. Compared with 12 months earlier, earnings increased 2.8%.

  • GDP: 8:30am

    Friday, September 28, 2018

    For: July

    Current Month:
    ---

    Previous Month:
    Real gross domestic product was essentially unchanged in June, following a 0.5% gain in May.

  • Industrial Product Price Index: 8:30am

    Friday, September 28, 2018

    For: Aug

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index declined 0.2% in July, led by lower prices for primary non ferrous metal products.

  • Raw Materials Price Index: 8:30am

    Friday, September 28, 2018

    For: Aug

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index rose 0.7%, primarily due to higher prices for crude energy products.