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Canadian Economic Calendar - December 2023

DateStatisticForCurrent MonthPrevious Month
Friday, December 1, 2023Labour Force Survey: 8:30amNovEmployment was little changed in November (+25,000; +0.1%). The unemployment rate rose 0.1 percentage points to 5.8%, continuing an upward trend observed since April.The economy created 18,000, or 0.1%, in October and the unemployment rate rose 0.2 percentage points to 5.7%, marking the fourth monthly increase in the past six months.
Friday, December 1, 2023Markit Canada Manufacturing PMI 9:30 a.m. NovThe Markit Manufacturing PMI in Canada decreased to 47.7 points in November from 48.6 points in October. Manufacturing PMI in Canada increased to 48.60 points in October from 47.50 points in September of 2023. Manufacturing PMI in Canada averaged 52.60 points from 2011 until 2023, reaching an all time high of 58.90 points in March of 2022 and a record low of 33 points in April of 2020
Wednesday, December 6, 2023BoC Interest Rate Decision: 10:00amDecThe Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
Wednesday, December 6, 2023IVEY Purchasing Managers Index: 10:00amNovThe seasonally adjusted index rose to 54.7 in November from 53.4 in October, its highest level since April.The index measured 53.4 in October, compared to 53.1 in September and 52.8 in October 2022.
Wednesday, December 6, 2023Canadian International Merchandise Trade: 8:30amOctIn October, Canada's merchandise imports fell 2.8%, while exports edged up 0.1%. As a result, Canada's merchandise trade surplus with the world widened from $1.1 billion in September to $3.0 billion in October.In September, Canada's merchandise exports increased 2.7%, while imports rose 1.0%. As a result, Canada's merchandise trade surplus widened from $949 million in August to $2.0 billion in September.
Thursday, December 7, 2023Building Permits: 8:30amOctThe total monthly value of building permits in Canada increased 2.3% in October to $11.2 billion.The total monthly value of building permits in Canada decreased 6.5% in September to $11.2 billion.
Thursday, December 14, 2023New Motor Vehicle Sales: 7:30amOct---September new motor vehicle sales totaled 163,280, compared to 153.530 in the prior-year month.
Thursday, December 14, 2023Monthly Survey of Manufacturing: 8:30amOct---Manufacturing sales increased for the third consecutive month, up 0.4% in September mainly on higher sales of petroleum and coal. Excluding this subsector, manufacturing sales declined 0.4%.
Friday, December 15, 2023CREAstats - MLS Sales: 8:30amNov---National home sales fell 5.6% month-over-month in October. Actual (not seasonally adjusted) monthly activity came in 0.9% above October 2022.
Friday, December 15, 2023Canada's International Transactions in Securities: 8:30amOct---Foreign investors reduced their holdings of Canadian securities by $15.1 billion in September, mainly due to retirements of bonds. Meanwhile, Canadian investors acquired $11.6 billion of foreign securities, ending the third quarter with the largest investment since the fourth quarter of 2021.
Friday, December 15, 2023Housing Starts: 8:15amNov---The trend in housing starts was higher in October at 256,280 units, up 1% from 253,957 units in September
Friday, December 15, 2023Wholesale Trade: 8:30amOct---Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 0.4% to $83.1 billion in September.
Tuesday, December 19, 2023Industrial Product Price Index: 8:30amNov---The index fell 1.0% month over month in October and was 2.7% lower than in October 2022.
Tuesday, December 19, 2023Raw Materials Price Index: 8:30amNov---The index declined 2.5% on a monthly basis in October 2023 and fell 0.8% year over year.
Tuesday, December 19, 2023Consumer Price Index: 8:30amNov---The Consumer Price Index (CPI) rose 3.1% on a year-over-year basis in October, following a 3.8% increase in September. On a seasonally adjusted monthly basis, the CPI fell 0.1% in October.
Thursday, December 21, 2023Payroll Employment, Earnings and Hours: 8:30amOct---The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—increased by 22,100 (+0.1%) in September, following a decline of 16,500 in August and little change in July.
Thursday, December 21, 2023Retail Trade: 8:30amOct---Retail sales increased 0.6% to $66.5 billion in September.
Thursday, December 21, 2023New Housing Price Index: 8:30amNov---The national index was unchanged month over month in October. Prices were down or unchanged in 22 of the 27 census metropolitan areas (CMAs) surveyed and up in the remaining 5.
Friday, December 22, 2023GDP: 8:30amOct---Real gross domestic product declined 0.3% in the third quarter, following a 0.3% increase in the second quarter. Real GDP edged up 0.1% in September on the strength of the increase in goods-producing industries.
  • Labour Force Survey: 8:30am

    Friday, December 1, 2023

    For: Nov

    Current Month:
    Employment was little changed in November (+25,000; +0.1%). The unemployment rate rose 0.1 percentage points to 5.8%, continuing an upward trend observed since April.

    Previous Month:
    The economy created 18,000, or 0.1%, in October and the unemployment rate rose 0.2 percentage points to 5.7%, marking the fourth monthly increase in the past six months.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Friday, December 1, 2023

    For: Nov

    Current Month:
    The Markit Manufacturing PMI in Canada decreased to 47.7 points in November from 48.6 points in October.

    Previous Month:
    Manufacturing PMI in Canada increased to 48.60 points in October from 47.50 points in September of 2023. Manufacturing PMI in Canada averaged 52.60 points from 2011 until 2023, reaching an all time high of 58.90 points in March of 2022 and a record low of 33 points in April of 2020
  • BoC Interest Rate Decision: 10:00am

    Wednesday, December 6, 2023

    For: Dec

    Current Month:
    The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

    Previous Month:
    The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
  • IVEY Purchasing Managers Index: 10:00am

    Wednesday, December 6, 2023

    For: Nov

    Current Month:
    The seasonally adjusted index rose to 54.7 in November from 53.4 in October, its highest level since April.

    Previous Month:
    The index measured 53.4 in October, compared to 53.1 in September and 52.8 in October 2022.
  • Canadian International Merchandise Trade: 8:30am

    Wednesday, December 6, 2023

    For: Oct

    Current Month:
    In October, Canada's merchandise imports fell 2.8%, while exports edged up 0.1%. As a result, Canada's merchandise trade surplus with the world widened from $1.1 billion in September to $3.0 billion in October.

    Previous Month:
    In September, Canada's merchandise exports increased 2.7%, while imports rose 1.0%. As a result, Canada's merchandise trade surplus widened from $949 million in August to $2.0 billion in September.
  • Building Permits: 8:30am

    Thursday, December 7, 2023

    For: Oct

    Current Month:
    The total monthly value of building permits in Canada increased 2.3% in October to $11.2 billion.

    Previous Month:
    The total monthly value of building permits in Canada decreased 6.5% in September to $11.2 billion.
  • New Motor Vehicle Sales: 7:30am

    Thursday, December 14, 2023

    For: Oct

    Current Month:
    ---

    Previous Month:
    September new motor vehicle sales totaled 163,280, compared to 153.530 in the prior-year month.
  • Monthly Survey of Manufacturing: 8:30am

    Thursday, December 14, 2023

    For: Oct

    Current Month:
    ---

    Previous Month:
    Manufacturing sales increased for the third consecutive month, up 0.4% in September mainly on higher sales of petroleum and coal. Excluding this subsector, manufacturing sales declined 0.4%.
  • CREAstats - MLS Sales: 8:30am

    Friday, December 15, 2023

    For: Nov

    Current Month:
    ---

    Previous Month:
    National home sales fell 5.6% month-over-month in October. Actual (not seasonally adjusted) monthly activity came in 0.9% above October 2022.
  • Canada's International Transactions in Securities: 8:30am

    Friday, December 15, 2023

    For: Oct

    Current Month:
    ---

    Previous Month:
    Foreign investors reduced their holdings of Canadian securities by $15.1 billion in September, mainly due to retirements of bonds. Meanwhile, Canadian investors acquired $11.6 billion of foreign securities, ending the third quarter with the largest investment since the fourth quarter of 2021.
  • Housing Starts: 8:15am

    Friday, December 15, 2023

    For: Nov

    Current Month:
    ---

    Previous Month:
    The trend in housing starts was higher in October at 256,280 units, up 1% from 253,957 units in September
  • Wholesale Trade: 8:30am

    Friday, December 15, 2023

    For: Oct

    Current Month:
    ---

    Previous Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 0.4% to $83.1 billion in September.
  • Industrial Product Price Index: 8:30am

    Tuesday, December 19, 2023

    For: Nov

    Current Month:
    ---

    Previous Month:
    The index fell 1.0% month over month in October and was 2.7% lower than in October 2022.
  • Raw Materials Price Index: 8:30am

    Tuesday, December 19, 2023

    For: Nov

    Current Month:
    ---

    Previous Month:
    The index declined 2.5% on a monthly basis in October 2023 and fell 0.8% year over year.
  • Consumer Price Index: 8:30am

    Tuesday, December 19, 2023

    For: Nov

    Current Month:
    ---

    Previous Month:
    The Consumer Price Index (CPI) rose 3.1% on a year-over-year basis in October, following a 3.8% increase in September. On a seasonally adjusted monthly basis, the CPI fell 0.1% in October.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, December 21, 2023

    For: Oct

    Current Month:
    ---

    Previous Month:
    The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—increased by 22,100 (+0.1%) in September, following a decline of 16,500 in August and little change in July.
  • Retail Trade: 8:30am

    Thursday, December 21, 2023

    For: Oct

    Current Month:
    ---

    Previous Month:
    Retail sales increased 0.6% to $66.5 billion in September.
  • New Housing Price Index: 8:30am

    Thursday, December 21, 2023

    For: Nov

    Current Month:
    ---

    Previous Month:
    The national index was unchanged month over month in October. Prices were down or unchanged in 22 of the 27 census metropolitan areas (CMAs) surveyed and up in the remaining 5.
  • GDP: 8:30am

    Friday, December 22, 2023

    For: Oct

    Current Month:
    ---

    Previous Month:
    Real gross domestic product declined 0.3% in the third quarter, following a 0.3% increase in the second quarter. Real GDP edged up 0.1% in September on the strength of the increase in goods-producing industries.