Canadian Economic Calendar - November 2020

DateStatisticForCurrent MonthPrevious Month
Monday, November 2, 2020Markit Canada Manufacturing PMI: 9:30 amOctThe index registered 55.5 in October, down slightly from 56.0 in September, indicative of another strong improvement in overall business conditions. The headline seasonally-adjusted Markit Canada Manufacturing Purchasing Managers’ Index registered 56.0 in September, up from 55.1 in August, to signal the sharpest improvement in operating conditions since August 2018.
Wednesday, November 4, 2020Canadian International Merchandise Trade: 8:30amSeptIn September, Canada's merchandise exports and imports each increased by 1.5%. As a result, Canada's merchandise trade deficit with the world widened slightly from $3.2 billion in August to $3.3 billion in September.Canadian merchandise exports and imports stabilized in August. Imports fell 1.2%, while exports were down 1.0%. As a result, Canada's merchandise trade deficit with the world narrowed slightly from $2.5 billion in July to $2.4 billion in August.
Friday, November 6, 2020Labour Force Survey: 8:30amOctEmployment increased by 84,000 (+0.5%) in October, after growing by an average of 2.7% per month since May. The unemployment rate was 8.9%, little changed from September.Following an increase of 246,000 (+1.4%) in August, employment rose by 378,000 (+2.1%) in September. The unemployment rate declined 1.2 percentage points to 9.0% in September, down from the peak of 13.7% in May.
Friday, November 6, 2020IVEY Purchasing Managers Index: 10:00amOctThe index progressed a notch in October to 54.5 from September's 54.3, towering above the 48.2 figure in October 2019. The Index declined in September to 54.3, from its August reading of 67.8, but improved from the 48.7 figure from September 2019.
Monday, November 16, 2020Monthly Survey of Manufacturing: 8:30amSeptManufacturing sales rebounded in September, rising 1.5% to $53.8 billion on higher sales of wood and chemical products.Manufacturing sales fell 2.0% to $52.4 billion in August, following three consecutive months of strong increases.
Monday, November 16, 2020CREAstats - MLS Sales: 8:30amOct.Home sales recorded over Canadian MLS® Systems in October 2020 edged back by 0.7% from September’s all-time record for monthly sales. The Canadian Real Estate Association said home sales climbed 0.9% in September from August, raising them to a new all-time monthly record for the third month in a row. The industry group said actual sales, not seasonally adjusted, rose 45.6% from a year earlier, while the group's Home Price Index was up 10.3% from September last year and up 1.3% from August.
Tuesday, November 17, 2020Canada's International Transactions in Securities: 8:30amSeptCanadian investors acquired $11.2 billion of foreign securities in September, the highest investment in four months. Meanwhile, non-resident investors purchased $4.5 billion of Canadian securities, led by acquisitions of corporate instruments.Non-resident investors acquired $15.5 billion of Canadian securities in August, largely purchases of debt securities. At the same time, Canadian investors increased their holdings of foreign securities by $5.7 billion, led by acquisitions of U.S. shares.
Tuesday, November 17, 2020Wholesale Trade: 8:30amSeptWholesale sales grew 0.9% to $66.2 billion in September and remained higher than February's pre-COVID-19 level for the third straight month.Wholesale sales grew for a fourth consecutive month in August, though at a much slower pace compared with the previous three months. Sales edged up 0.3% to $65.7 billion in August after growing 5.2% in July.
Tuesday, November 17, 2020Housing Starts: 8:15amOctThe national trend in housing starts increased in October following a pause in September. The trend was 222,734 units in October 2020, up from 214,372 units in September 2020.The trend in housing starts was 214,647 units in September, up from 212,609 units in August.
Wednesday, November 18, 2020Consumer Price Index: 8:30amOctInflation rose 0.7% on a year-over-year basis in October, up from a 0.5% increase in September.CPI rose 0.5% on a year-over-year basis in September, up from a 0.1% increase in August.
Friday, November 20, 2020Retail Trade: 8:30amSeptRetail sales rose 1.1% to $53.9 billion in September—the fifth consecutive monthly increase since the record decline in April.Retail sales rose 0.4% to $53.2 billion in August—the fourth consecutive monthly increase since the record decline in April.
Friday, November 20, 2020New Housing Price Index: 8:30amSeptNationally, prices for new homes rose 0.8% in October following a 1.2% acceleration in September, with prices up in 21 of the 27 census metropolitan areas surveyed.Prices of new homes surged across the nation in September, the largest jump in 14 years. Nationally, prices were up 1.2% in September following a 0.5% increase in August.
Thursday, November 26, 2020Payroll Employment, Earnings and Hours: 8:30amSept---The number of employees receiving pay or benefits from their employer rose by 303,200 (+2.0%) in August. This followed large increases in July (+759,500; +5.3%) and June (+665,500; +4.9%), and brought the total payroll employment change since February to a decrease of 1.6 million (-9.5%).
Monday, November 30, 2020Industrial Product Price Index: 8:30amOct---The Index edged down 0.1% in September, led by lower prices for energy and petroleum products.
Monday, November 30, 2020Raw Materials Price Index: 8:30amOct---The Index fell 2.2%, pulled downward mainly by lower prices for crude energy products.
Monday, November 30, 2020Building Permits: 8:30amOct---The total value of building permits rose 1.7% to $8.1 billion in August, driven by an increase in the residential sector in Ontario and Quebec.
Tuesday, December 1, 2020GDP: 8:30amOct---Gross domestic product grew 1.2% in August as 15 of 20 industrial sectors were up and two were essentially unchanged in the month.
Wednesday, December 9, 2020BoC Interest Rate Decision: 10:00amDec---The Bank of Canada held its overnight lending rate Wednesday at 0.25%. The central bank added it sees inflation below a 2% target through 2022
  • Markit Canada Manufacturing PMI: 9:30 am

    Monday, November 2, 2020

    For: Oct

    Current Month:
    The index registered 55.5 in October, down slightly from 56.0 in September, indicative of another strong improvement in overall business conditions.

    Previous Month:
    The headline seasonally-adjusted Markit Canada Manufacturing Purchasing Managers’ Index registered 56.0 in September, up from 55.1 in August, to signal the sharpest improvement in operating conditions since August 2018.
  • Canadian International Merchandise Trade: 8:30am

    Wednesday, November 4, 2020

    For: Sept

    Current Month:
    In September, Canada's merchandise exports and imports each increased by 1.5%. As a result, Canada's merchandise trade deficit with the world widened slightly from $3.2 billion in August to $3.3 billion in September.

    Previous Month:
    Canadian merchandise exports and imports stabilized in August. Imports fell 1.2%, while exports were down 1.0%. As a result, Canada's merchandise trade deficit with the world narrowed slightly from $2.5 billion in July to $2.4 billion in August.
  • Labour Force Survey: 8:30am

    Friday, November 6, 2020

    For: Oct

    Current Month:
    Employment increased by 84,000 (+0.5%) in October, after growing by an average of 2.7% per month since May. The unemployment rate was 8.9%, little changed from September.

    Previous Month:
    Following an increase of 246,000 (+1.4%) in August, employment rose by 378,000 (+2.1%) in September. The unemployment rate declined 1.2 percentage points to 9.0% in September, down from the peak of 13.7% in May.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, November 6, 2020

    For: Oct

    Current Month:
    The index progressed a notch in October to 54.5 from September's 54.3, towering above the 48.2 figure in October 2019.

    Previous Month:
    The Index declined in September to 54.3, from its August reading of 67.8, but improved from the 48.7 figure from September 2019.
  • Monthly Survey of Manufacturing: 8:30am

    Monday, November 16, 2020

    For: Sept

    Current Month:
    Manufacturing sales rebounded in September, rising 1.5% to $53.8 billion on higher sales of wood and chemical products.

    Previous Month:
    Manufacturing sales fell 2.0% to $52.4 billion in August, following three consecutive months of strong increases.
  • CREAstats - MLS Sales: 8:30am

    Monday, November 16, 2020

    For: Oct.

    Current Month:
    Home sales recorded over Canadian MLS® Systems in October 2020 edged back by 0.7% from September’s all-time record for monthly sales.

    Previous Month:
    The Canadian Real Estate Association said home sales climbed 0.9% in September from August, raising them to a new all-time monthly record for the third month in a row. The industry group said actual sales, not seasonally adjusted, rose 45.6% from a year earlier, while the group's Home Price Index was up 10.3% from September last year and up 1.3% from August.
  • Canada's International Transactions in Securities: 8:30am

    Tuesday, November 17, 2020

    For: Sept

    Current Month:
    Canadian investors acquired $11.2 billion of foreign securities in September, the highest investment in four months. Meanwhile, non-resident investors purchased $4.5 billion of Canadian securities, led by acquisitions of corporate instruments.

    Previous Month:
    Non-resident investors acquired $15.5 billion of Canadian securities in August, largely purchases of debt securities. At the same time, Canadian investors increased their holdings of foreign securities by $5.7 billion, led by acquisitions of U.S. shares.
  • Wholesale Trade: 8:30am

    Tuesday, November 17, 2020

    For: Sept

    Current Month:
    Wholesale sales grew 0.9% to $66.2 billion in September and remained higher than February's pre-COVID-19 level for the third straight month.

    Previous Month:
    Wholesale sales grew for a fourth consecutive month in August, though at a much slower pace compared with the previous three months. Sales edged up 0.3% to $65.7 billion in August after growing 5.2% in July.
  • Housing Starts: 8:15am

    Tuesday, November 17, 2020

    For: Oct

    Current Month:
    The national trend in housing starts increased in October following a pause in September. The trend was 222,734 units in October 2020, up from 214,372 units in September 2020.

    Previous Month:
    The trend in housing starts was 214,647 units in September, up from 212,609 units in August.
  • Consumer Price Index: 8:30am

    Wednesday, November 18, 2020

    For: Oct

    Current Month:
    Inflation rose 0.7% on a year-over-year basis in October, up from a 0.5% increase in September.

    Previous Month:
    CPI rose 0.5% on a year-over-year basis in September, up from a 0.1% increase in August.
  • Retail Trade: 8:30am

    Friday, November 20, 2020

    For: Sept

    Current Month:
    Retail sales rose 1.1% to $53.9 billion in September—the fifth consecutive monthly increase since the record decline in April.

    Previous Month:
    Retail sales rose 0.4% to $53.2 billion in August—the fourth consecutive monthly increase since the record decline in April.
  • New Housing Price Index: 8:30am

    Friday, November 20, 2020

    For: Sept

    Current Month:
    Nationally, prices for new homes rose 0.8% in October following a 1.2% acceleration in September, with prices up in 21 of the 27 census metropolitan areas surveyed.

    Previous Month:
    Prices of new homes surged across the nation in September, the largest jump in 14 years. Nationally, prices were up 1.2% in September following a 0.5% increase in August.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, November 26, 2020

    For: Sept

    Current Month:
    ---

    Previous Month:
    The number of employees receiving pay or benefits from their employer rose by 303,200 (+2.0%) in August. This followed large increases in July (+759,500; +5.3%) and June (+665,500; +4.9%), and brought the total payroll employment change since February to a decrease of 1.6 million (-9.5%).
  • Industrial Product Price Index: 8:30am

    Monday, November 30, 2020

    For: Oct

    Current Month:
    ---

    Previous Month:
    The Index edged down 0.1% in September, led by lower prices for energy and petroleum products.
  • Raw Materials Price Index: 8:30am

    Monday, November 30, 2020

    For: Oct

    Current Month:
    ---

    Previous Month:
    The Index fell 2.2%, pulled downward mainly by lower prices for crude energy products.
  • Building Permits: 8:30am

    Monday, November 30, 2020

    For: Oct

    Current Month:
    ---

    Previous Month:
    The total value of building permits rose 1.7% to $8.1 billion in August, driven by an increase in the residential sector in Ontario and Quebec.
  • GDP: 8:30am

    Tuesday, December 1, 2020

    For: Oct

    Current Month:
    ---

    Previous Month:
    Gross domestic product grew 1.2% in August as 15 of 20 industrial sectors were up and two were essentially unchanged in the month.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, December 9, 2020

    For: Dec

    Current Month:
    ---

    Previous Month:
    The Bank of Canada held its overnight lending rate Wednesday at 0.25%. The central bank added it sees inflation below a 2% target through 2022