Canadian Economic Calendar - July 2020

DateStatisticForCurrent MonthPrevious Month
Thursday, July 2, 2020Markit Canada Manufacturing PMI: 9:30 amJuneThe seasonally-adjusted IHS Markit Canada Manufacturing PMI registered 47.8 in June, up from 40.6 in May and well above the survey-record low seen during April (33.0) but well below the neutral 50-point reading. The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) registered 40.6 in May, up from 33.0 in April but still well below the neutral 50.0 threshold.
Thursday, July 2, 2020Canadian International Merchandise Trade: 8:30amMayExports to other countries increased 6.7% in May. Meanwhile, imports decreased 3.9%. As a result, Canada's merchandise trade deficit with the world narrowed from $4.3 billion in April to $677 million in May.Canada's merchandise trade deficit with the world widened from $1.5 billion in March to $3.3 billion in April. Despite this increase, it is important to note that trade deficits of more than $3 billion are not uncommon, most recently occurring in February 2019 (deficit of $3.4 billion).
Tuesday, July 7, 2020IVEY Purchasing Managers Index: 10:00amJuneThe index rocketed in June to 58.2, far above the reading of 39.1 in May, and even outdistancing the 52.4 level for June 2019.The index sprang back up again in May to 39.1 from April's 22.8, but still considerably below the 55.9 reading in May 2019
Thursday, July 9, 2020Housing Starts: 8:15amJuneCanadian seasonally-adjusted housing starts were 211,681 in June, compared with a revised 195,453 units in May.The trend in housing starts was 196,750 units in May 2020, down from 198,644 units in April 2020. Excluding Quebec, the trend was 151,072 units in May 2020, down from 155,600 units in April 2020.
Friday, July 10, 2020Labour Force Survey: 8:30amJuneEmployment rose by nearly one million in June (953,000, or 5.8%). With two consecutive increases, employment in June was 1.8 million (or 9.2%) lower than in February.In May, employment rose by 290,000 (+1.8%), while the number of people who worked less than half their usual hours dropped by 292,000 (-8.6%). The unemployment rate was 13.7% in May, the highest rate recorded since comparable data became available in 1976.
Wednesday, July 15, 2020CREAstats - MLS Sales: 8:30amJuneNational home sales rose 63% on a month-over-month (m-o-m) basis in June. Actual (not seasonally adjusted) activity was up 15.2% year-over-year. National home sales rose 56.9% on a month-over-month basis in May. Actual (not seasonally adjusted) activity was still down 39.8% year-over-year.
Wednesday, July 15, 2020BoC Interest Rate Decision: 10:00amJulyThe Bank of Canada today maintained its target for the overnight rate at the effective lower bound of 0.25%.The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of 0.25%. The Bank Rate is correspondingly 0.5% and the deposit rate is 0.25%
Wednesday, July 15, 2020Monthly Survey of Manufacturing: 8:30amMayManufacturing sales increased 10.7% to $40.2 billion in May following a record 27.9% decline in April.Manufacturing sales fell by a record 28.5% to $36.4 billion in April, following a 9.8% decline in March.
Thursday, July 16, 2020Canada's International Transactions in Securities: 8:30amMay---Foreign investment in Canadian securities reached a record-high of $49.0 billion in April, all in debt securities. Meanwhile, Canadian divestment in foreign securities eased considerably to $134 million
Friday, July 17, 2020Wholesale Trade: 8:30amMay---Wholesale sales plummeted an unprecedented 21.6% to $49.8 billion in April, the lowest level since July 2013
Tuesday, July 21, 2020New Housing Price Index: 8:30amJune---New house prices edged up 0.1% at the national level in May following no change in April.
Tuesday, July 21, 2020Retail Trade: 8:30amMay---Retail sales were down by just over one-quarter (-26.4%) in April to $34.7 billion
Wednesday, July 22, 2020Consumer Price Index: 8:30amJune---CPI fell 0.4% on a year-over-year basis in May, down from a 0.2% decline in April. On a seasonally-adjusted monthly basis, the CPI increased 0.1% in May, following a 0.7% decline in April.
Wednesday, July 29, 2020Building Permits: 8:30amJune---The total value of building permits issued by Canadian municipalities in May bounced back 20.2% to $7.4 billion, following declines of 13.4% in March and 15.4% in April.
Thursday, July 30, 2020Payroll Employment, Earnings and Hours: 8:30amMay---Following a decline of almost one million payroll jobs in March, payroll employment fell by an additional 1,830,200 (-11.4%) in April, bringing total losses since February to 2,769,500 (-16.3%).
Friday, July 31, 2020Raw Materials Price Index: 8:30amJune---The Raw Materials Price Index increased 16.4%, mainly on higher crude oil prices.
Friday, July 31, 2020Industrial Product Price Index: 8:30amJune---The Industrial Product Price Index rose 1.2% in May, driven mainly by higher prices for meat, fish and dairy products as well as energy and petroleum products.
Friday, July 31, 2020GDP: 8:30amMay---Real gross domestic product dropped 11.6% in April, following a 7.5% decline in March, as all 20 industrial sectors decreased.
  • Markit Canada Manufacturing PMI: 9:30 am

    Thursday, July 2, 2020

    For: June

    Current Month:
    The seasonally-adjusted IHS Markit Canada Manufacturing PMI registered 47.8 in June, up from 40.6 in May and well above the survey-record low seen during April (33.0) but well below the neutral 50-point reading.

    Previous Month:
    The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) registered 40.6 in May, up from 33.0 in April but still well below the neutral 50.0 threshold.
  • Canadian International Merchandise Trade: 8:30am

    Thursday, July 2, 2020

    For: May

    Current Month:
    Exports to other countries increased 6.7% in May. Meanwhile, imports decreased 3.9%. As a result, Canada's merchandise trade deficit with the world narrowed from $4.3 billion in April to $677 million in May.

    Previous Month:
    Canada's merchandise trade deficit with the world widened from $1.5 billion in March to $3.3 billion in April. Despite this increase, it is important to note that trade deficits of more than $3 billion are not uncommon, most recently occurring in February 2019 (deficit of $3.4 billion).
  • IVEY Purchasing Managers Index: 10:00am

    Tuesday, July 7, 2020

    For: June

    Current Month:
    The index rocketed in June to 58.2, far above the reading of 39.1 in May, and even outdistancing the 52.4 level for June 2019.

    Previous Month:
    The index sprang back up again in May to 39.1 from April's 22.8, but still considerably below the 55.9 reading in May 2019
  • Housing Starts: 8:15am

    Thursday, July 9, 2020

    For: June

    Current Month:
    Canadian seasonally-adjusted housing starts were 211,681 in June, compared with a revised 195,453 units in May.

    Previous Month:
    The trend in housing starts was 196,750 units in May 2020, down from 198,644 units in April 2020. Excluding Quebec, the trend was 151,072 units in May 2020, down from 155,600 units in April 2020.
  • Labour Force Survey: 8:30am

    Friday, July 10, 2020

    For: June

    Current Month:
    Employment rose by nearly one million in June (953,000, or 5.8%). With two consecutive increases, employment in June was 1.8 million (or 9.2%) lower than in February.

    Previous Month:
    In May, employment rose by 290,000 (+1.8%), while the number of people who worked less than half their usual hours dropped by 292,000 (-8.6%). The unemployment rate was 13.7% in May, the highest rate recorded since comparable data became available in 1976.
  • CREAstats - MLS Sales: 8:30am

    Wednesday, July 15, 2020

    For: June

    Current Month:
    National home sales rose 63% on a month-over-month (m-o-m) basis in June. Actual (not seasonally adjusted) activity was up 15.2% year-over-year.

    Previous Month:
    National home sales rose 56.9% on a month-over-month basis in May. Actual (not seasonally adjusted) activity was still down 39.8% year-over-year.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, July 15, 2020

    For: July

    Current Month:
    The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of 0.25%.

    Previous Month:
    The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of 0.25%. The Bank Rate is correspondingly 0.5% and the deposit rate is 0.25%
  • Monthly Survey of Manufacturing: 8:30am

    Wednesday, July 15, 2020

    For: May

    Current Month:
    Manufacturing sales increased 10.7% to $40.2 billion in May following a record 27.9% decline in April.

    Previous Month:
    Manufacturing sales fell by a record 28.5% to $36.4 billion in April, following a 9.8% decline in March.
  • Canada's International Transactions in Securities: 8:30am

    Thursday, July 16, 2020

    For: May

    Current Month:
    ---

    Previous Month:
    Foreign investment in Canadian securities reached a record-high of $49.0 billion in April, all in debt securities. Meanwhile, Canadian divestment in foreign securities eased considerably to $134 million
  • Wholesale Trade: 8:30am

    Friday, July 17, 2020

    For: May

    Current Month:
    ---

    Previous Month:
    Wholesale sales plummeted an unprecedented 21.6% to $49.8 billion in April, the lowest level since July 2013
  • New Housing Price Index: 8:30am

    Tuesday, July 21, 2020

    For: June

    Current Month:
    ---

    Previous Month:
    New house prices edged up 0.1% at the national level in May following no change in April.
  • Retail Trade: 8:30am

    Tuesday, July 21, 2020

    For: May

    Current Month:
    ---

    Previous Month:
    Retail sales were down by just over one-quarter (-26.4%) in April to $34.7 billion
  • Consumer Price Index: 8:30am

    Wednesday, July 22, 2020

    For: June

    Current Month:
    ---

    Previous Month:
    CPI fell 0.4% on a year-over-year basis in May, down from a 0.2% decline in April. On a seasonally-adjusted monthly basis, the CPI increased 0.1% in May, following a 0.7% decline in April.
  • Building Permits: 8:30am

    Wednesday, July 29, 2020

    For: June

    Current Month:
    ---

    Previous Month:
    The total value of building permits issued by Canadian municipalities in May bounced back 20.2% to $7.4 billion, following declines of 13.4% in March and 15.4% in April.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, July 30, 2020

    For: May

    Current Month:
    ---

    Previous Month:
    Following a decline of almost one million payroll jobs in March, payroll employment fell by an additional 1,830,200 (-11.4%) in April, bringing total losses since February to 2,769,500 (-16.3%).
  • Raw Materials Price Index: 8:30am

    Friday, July 31, 2020

    For: June

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index increased 16.4%, mainly on higher crude oil prices.
  • Industrial Product Price Index: 8:30am

    Friday, July 31, 2020

    For: June

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index rose 1.2% in May, driven mainly by higher prices for meat, fish and dairy products as well as energy and petroleum products.
  • GDP: 8:30am

    Friday, July 31, 2020

    For: May

    Current Month:
    ---

    Previous Month:
    Real gross domestic product dropped 11.6% in April, following a 7.5% decline in March, as all 20 industrial sectors decreased.