Canadian Economic Calendar - July 2021

DateStatisticForCurrent MonthPrevious Month
Friday, July 2, 2021Markit Canada Manufacturing PMI: 9:30 amJuneThe headline PMI registered 56.5 in June, down from 57.0 in May, to signal the twelfth consecutive expansion in operating conditions. The latest uptick was the softest since February, but was sharp in the context of the historical average.The PMI registered 57.0 in May, down fractionally from 57.2 in April, to signal the fifth-strongest growth in operating conditions in the survey to date.
Friday, July 2, 2021Building Permits: 8:30amMayFollowing four consecutive months of reaching new highs, the total value of building permits dropped a record $1.6 billion (-14.8%) to $9.5 billion in May.The total value of building permits remained at historically high levels in April 2021, edging down 0.5% to $11.1 billion, following the record set in March.
Friday, July 2, 2021Canadian International Merchandise Trade: 8:30amMayIn May, Canada's merchandise imports increased 2.1%, while exports fell 1.6%. As a result, Canada's merchandise trade balance widened, moving from a surplus of $462 million in April to a deficit of $1.4 billion in May.In April, Canada's merchandise imports fell 4.7%, while exports decreased 1.0%. Both declines were attributable in large part to significant decreases in trade of motor vehicles and parts. Canada's merchandise trade balance went from a deficit of $1.3 billion in March to a surplus of $594 million in April.
Wednesday, July 7, 2021IVEY Purchasing Managers Index: 10:00amJuneThe index progressed to 71.9 in June, from 64.7 in May, and much better than the 58.2 reading for June 2020The index progressed to 64.7 in May, from 60.6 in April, and towering above the 39.1 reading in May 2020
Friday, July 9, 2021Labour Force Survey: 8:30amJuneEmployment rose by 231,000 (+1.2%) in June, following a cumulative decline of 275,000 over the previous two months.Employment fell by 68,000 (-0.4%) in May, adding to a decline of 207,000 in April. The unemployment rate was little changed at 8.2%.
Wednesday, July 14, 2021BoC Interest Rate Decision: 10:00amJulyThe Bank of Canada is cutting its expectations for economic growth this year as it keeps its key interest rate target on hold at 0.25%.The Bank of Canada maintained interest rates at 0.25%, as expected, the same perch at which it’s been since March 2020. The Bank Rate stays at 0.5%, and the deposit rate at 0.25%.
Wednesday, July 14, 2021Monthly Survey of Manufacturing: 8:30amMayManufacturing sales declined 0.6% in May, on lower sales in 11 of 21 industries led by the machinery, chemical and fabricated metal product industries.Manufacturing sales fell 2.1% to $57.1 billion in April, on lower sales in 11 of 21 industries. Much of the decline was attributable to lower sales of transportation equipment and petroleum and coal products.
Thursday, July 15, 2021CREAstats - MLS Sales: 8:30amJuneNational home sales declined by 8.4% on a month-over-month basis in June. Actual (not seasonally adjusted) activity was up 13.6% year-over-year.Home sales recorded over Canadian MLS® Systems fell by 7.4% month-over month in May 2021, building on the 11% decline recorded in April. Activity nonetheless remains historically high, but in contrast to March’s all-time record it is now running closer to levels seen in the second half of 2020.
Friday, July 16, 2021Housing Starts: 8:15amJuneThe trend in housing starts was 293,567 units in June, up from 284,837 units in May, according to Canada Mortgage and Housing Corporation. The trend in housing starts was 280,779 units in May 2021, up slightly from 278,462 units in April 2021, according to Canada Mortgage and Housing Corporation. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
Friday, July 16, 2021Canada's International Transactions in Securities: 8:30amMayForeign investors acquired $20.8 billion in Canadian securities in May, mainly in the form of government debt securities. At the same time, Canadian investors increased their holdings of foreign securities by $10.7 billion, led by acquisitions of U.S. shares.Canadian investment in foreign securities totalled $18.6 billion in April, mainly in purchases of US securities. Meanwhile, foreign investment in Canadian securities totalled $10.0 billion, led by acquisitions of Canadian bonds. As a result, international transactions in securities generated a net outflow of funds from the Canadian economy of $8.7 billion.
Friday, July 16, 2021Wholesale Trade: 8:30amMaySales of wholesale products rose 0.5% in May to $72.2 billion, setting a record high for the sector for a third consecutive month.Sales by Canadian wholesalers rose 0.4% in April, the third increase in the last four months
Wednesday, July 21, 2021New Housing Price Index: 8:30amJuneThe growth in new home prices slowed for a second month in a row, rising by 0.6% in June, the smallest increase in six months.New home prices increased 1.4% in May nationally, with prices up in 19 of the 27 census metropolitan areas surveyed.
Friday, July 23, 2021Retail Trade: 8:30amMayRetail sales declined 2.1% to $53.8 billion in May.Retail sales were down 5.7% to $54.8 billion in April.
Wednesday, July 28, 2021Consumer Price Index: 8:30amJuneCPI rose 3.1% on a year-over-year basis in June, down from a 3.6% gain in May. On a seasonally adjusted monthly basis, the CPI rose 0.1% in June.The Consumer Price Index (CPI) rose 3.6% on a year-over-year basis in May, up from a 3.4% gain in April. On a seasonally adjusted monthly basis, the CPI rose 0.4% in May.
Thursday, July 29, 2021Payroll Employment, Earnings and Hours: 8:30amMayPayroll employment fell by 257,500 (-1.6%) in May, with much of the decline concentrated in service industries in Ontario.The number of employees receiving pay or benefits from their employer—measured in SEPH as payroll employment—increased by 166,900 (+1.0%) in April.
Friday, July 30, 2021Raw Materials Price Index: 8:30amJune---The index increased 3.2% on a monthly basis in May and was up 40.1% year over year.
Friday, July 30, 2021Industrial Product Price Index: 8:30amJune---The index rose 2.7% month over month in May and was up 16.4% compared with May 2020.
Friday, July 30, 2021GDP: 8:30amMay---Real gross domestic product grew for the 11th consecutive month, expanding 1.1% in March, as 18 of 20 industrial sectors were up.
  • Markit Canada Manufacturing PMI: 9:30 am

    Friday, July 2, 2021

    For: June

    Current Month:
    The headline PMI registered 56.5 in June, down from 57.0 in May, to signal the twelfth consecutive expansion in operating conditions. The latest uptick was the softest since February, but was sharp in the context of the historical average.

    Previous Month:
    The PMI registered 57.0 in May, down fractionally from 57.2 in April, to signal the fifth-strongest growth in operating conditions in the survey to date.
  • Building Permits: 8:30am

    Friday, July 2, 2021

    For: May

    Current Month:
    Following four consecutive months of reaching new highs, the total value of building permits dropped a record $1.6 billion (-14.8%) to $9.5 billion in May.

    Previous Month:
    The total value of building permits remained at historically high levels in April 2021, edging down 0.5% to $11.1 billion, following the record set in March.
  • Canadian International Merchandise Trade: 8:30am

    Friday, July 2, 2021

    For: May

    Current Month:
    In May, Canada's merchandise imports increased 2.1%, while exports fell 1.6%. As a result, Canada's merchandise trade balance widened, moving from a surplus of $462 million in April to a deficit of $1.4 billion in May.

    Previous Month:
    In April, Canada's merchandise imports fell 4.7%, while exports decreased 1.0%. Both declines were attributable in large part to significant decreases in trade of motor vehicles and parts. Canada's merchandise trade balance went from a deficit of $1.3 billion in March to a surplus of $594 million in April.
  • IVEY Purchasing Managers Index: 10:00am

    Wednesday, July 7, 2021

    For: June

    Current Month:
    The index progressed to 71.9 in June, from 64.7 in May, and much better than the 58.2 reading for June 2020

    Previous Month:
    The index progressed to 64.7 in May, from 60.6 in April, and towering above the 39.1 reading in May 2020
  • Labour Force Survey: 8:30am

    Friday, July 9, 2021

    For: June

    Current Month:
    Employment rose by 231,000 (+1.2%) in June, following a cumulative decline of 275,000 over the previous two months.

    Previous Month:
    Employment fell by 68,000 (-0.4%) in May, adding to a decline of 207,000 in April. The unemployment rate was little changed at 8.2%.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, July 14, 2021

    For: July

    Current Month:
    The Bank of Canada is cutting its expectations for economic growth this year as it keeps its key interest rate target on hold at 0.25%.

    Previous Month:
    The Bank of Canada maintained interest rates at 0.25%, as expected, the same perch at which it’s been since March 2020. The Bank Rate stays at 0.5%, and the deposit rate at 0.25%.
  • Monthly Survey of Manufacturing: 8:30am

    Wednesday, July 14, 2021

    For: May

    Current Month:
    Manufacturing sales declined 0.6% in May, on lower sales in 11 of 21 industries led by the machinery, chemical and fabricated metal product industries.

    Previous Month:
    Manufacturing sales fell 2.1% to $57.1 billion in April, on lower sales in 11 of 21 industries. Much of the decline was attributable to lower sales of transportation equipment and petroleum and coal products.
  • CREAstats - MLS Sales: 8:30am

    Thursday, July 15, 2021

    For: June

    Current Month:
    National home sales declined by 8.4% on a month-over-month basis in June. Actual (not seasonally adjusted) activity was up 13.6% year-over-year.

    Previous Month:
    Home sales recorded over Canadian MLS® Systems fell by 7.4% month-over month in May 2021, building on the 11% decline recorded in April. Activity nonetheless remains historically high, but in contrast to March’s all-time record it is now running closer to levels seen in the second half of 2020.
  • Housing Starts: 8:15am

    Friday, July 16, 2021

    For: June

    Current Month:
    The trend in housing starts was 293,567 units in June, up from 284,837 units in May, according to Canada Mortgage and Housing Corporation.

    Previous Month:
    The trend in housing starts was 280,779 units in May 2021, up slightly from 278,462 units in April 2021, according to Canada Mortgage and Housing Corporation. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
  • Canada's International Transactions in Securities: 8:30am

    Friday, July 16, 2021

    For: May

    Current Month:
    Foreign investors acquired $20.8 billion in Canadian securities in May, mainly in the form of government debt securities. At the same time, Canadian investors increased their holdings of foreign securities by $10.7 billion, led by acquisitions of U.S. shares.

    Previous Month:
    Canadian investment in foreign securities totalled $18.6 billion in April, mainly in purchases of US securities. Meanwhile, foreign investment in Canadian securities totalled $10.0 billion, led by acquisitions of Canadian bonds. As a result, international transactions in securities generated a net outflow of funds from the Canadian economy of $8.7 billion.
  • Wholesale Trade: 8:30am

    Friday, July 16, 2021

    For: May

    Current Month:
    Sales of wholesale products rose 0.5% in May to $72.2 billion, setting a record high for the sector for a third consecutive month.

    Previous Month:
    Sales by Canadian wholesalers rose 0.4% in April, the third increase in the last four months
  • New Housing Price Index: 8:30am

    Wednesday, July 21, 2021

    For: June

    Current Month:
    The growth in new home prices slowed for a second month in a row, rising by 0.6% in June, the smallest increase in six months.

    Previous Month:
    New home prices increased 1.4% in May nationally, with prices up in 19 of the 27 census metropolitan areas surveyed.
  • Retail Trade: 8:30am

    Friday, July 23, 2021

    For: May

    Current Month:
    Retail sales declined 2.1% to $53.8 billion in May.

    Previous Month:
    Retail sales were down 5.7% to $54.8 billion in April.
  • Consumer Price Index: 8:30am

    Wednesday, July 28, 2021

    For: June

    Current Month:
    CPI rose 3.1% on a year-over-year basis in June, down from a 3.6% gain in May. On a seasonally adjusted monthly basis, the CPI rose 0.1% in June.

    Previous Month:
    The Consumer Price Index (CPI) rose 3.6% on a year-over-year basis in May, up from a 3.4% gain in April. On a seasonally adjusted monthly basis, the CPI rose 0.4% in May.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, July 29, 2021

    For: May

    Current Month:
    Payroll employment fell by 257,500 (-1.6%) in May, with much of the decline concentrated in service industries in Ontario.

    Previous Month:
    The number of employees receiving pay or benefits from their employer—measured in SEPH as payroll employment—increased by 166,900 (+1.0%) in April.
  • Raw Materials Price Index: 8:30am

    Friday, July 30, 2021

    For: June

    Current Month:
    ---

    Previous Month:
    The index increased 3.2% on a monthly basis in May and was up 40.1% year over year.
  • Industrial Product Price Index: 8:30am

    Friday, July 30, 2021

    For: June

    Current Month:
    ---

    Previous Month:
    The index rose 2.7% month over month in May and was up 16.4% compared with May 2020.
  • GDP: 8:30am

    Friday, July 30, 2021

    For: May

    Current Month:
    ---

    Previous Month:
    Real gross domestic product grew for the 11th consecutive month, expanding 1.1% in March, as 18 of 20 industrial sectors were up.