Canadian Economic Calendar - August 2022

DateStatisticForCurrent MonthPrevious Month
Tuesday, August 2, 2022Markit Canada Manufacturing PMI 9:30 a.m. JulyThe S&P Global Canada Manufacturing PMI fell to 52.5 in July of 2022 from 54.6 in the previous month.The index registered 54.6 in June, down from 56.8 in May, a 17-month low.
Thursday, August 4, 2022Building Permits: 8:30amJuneThe total value of building permits in Canada declined 1.5% in June to $11.9 billion, mainly due to the non-residential sector, which dropped 10.4% to $3.7 billion, after posting its second highest monthly value.The total value of building permits in Canada rose 2.3% in May to $12.1 billion. The non-residential sector increased 7.0% to $4.3 billion, while the residential sector edged down 0.1% to $7.8 billion.
Thursday, August 4, 2022Canadian International Merchandise Trade: 8:30amJuneIn June, Canada's merchandise exports increased 2.0%, mostly on crude oil and gold exports. Meanwhile, imports rose 1.7%, mainly on energy products. As a result, Canada's merchandise trade surplus with the world widened from $4.8 billion in May to $5.0 billion in June.In May, Canada's merchandise exports rose 4.1%, a fifth consecutive monthly increase. Meanwhile, imports decreased 0.7%. As a result, Canada's merchandise trade surplus with the world widened from $2.2 billion in April to $5.3 billion in May, the largest trade surplus since August 2008.
Friday, August 5, 2022Labour Force Survey: 8:30amJulyEmployment was little changed (-31,000) in July, and the unemployment rate was unchanged at 4.9%.Employment fell by 43,000 (-0.2%) in June. The unemployment rate fell 0.2 percentage points to a new record low of 4.9%, as fewer people searched for work.
Friday, August 5, 2022IVEY Purchasing Managers Index: 10:00amJulyThe index dwindled to 49.6 in July, way below June's 62.2, and below the 56.4 figure for July 2021The index shrank to 62.2 in June, a far cry from May's 72, and far below the 71.9 figure in June 2021.
Monday, August 15, 2022Wholesale Trade: 8:30amJuneIn June, wholesale sales rose 0.1% to $80.7 billion. This growth was attributable to increases in the miscellaneous goods and motor vehicle and motor vehicle an motor vehicle parts and accessories subsectors.Wholesale sales rose 1.6% in May to $81.1 billion. This growth was predominantly due to higher sales in the food, beverage and tobacco subsector and the machinery, equipment and supplies subsector.
Monday, August 15, 2022CREAstats - MLS Sales: 8:30amJulyNational home sales fell by 5.3% on a month-over-month basis in July.Home sales recorded over Canadian MLS Systems fell by 5.6% between May and June.
Monday, August 15, 2022Monthly Survey of Manufacturing: 8:30amJuneManufacturing sales fell 0.8% in June, mainly on lower sales of petroleum and coal products and of wood products. Excluding the petroleum and coal product industry, sales rose 0.5% in June.Manufacturing sales fell 2.0% in May, mainly on lower sales of motor vehicles and primary metals.
Tuesday, August 16, 2022Consumer Price Index: 8:30amJulyThe Consumer Price Index (CPI) rose 7.6% on a year-over-year basis in July, down from an 8.1% gain in June. On a seasonally adjusted monthly basis, the CPI increased 0.3% in July.The Consumer Price Index (CPI) rose 8.1% on a year-over-year basis in June, up from a 7.7% gain in May. On a seasonally adjusted monthly basis, the CPI increased 0.6% in June.
Tuesday, August 16, 2022Canada's International Transactions in Securities: 8:30amJuneForeign investors reduced their holdings of Canadian securities by $17.5 billion in June, the largest divestment since December 2018. At the same time, Canadian investors reduced their holdings of foreign securities by $12.3 billion, following a small investment in May.Cross-border transactions in Canadian and foreign securities slowed considerably in May. Foreign investors acquired $2.3 billion of Canadian securities, the lowest investment since January 2021. Meanwhile, Canadian investors added $573 million of foreign securities to their holdings, after a record-high $29.2 billion investment in April 2022.
Wednesday, August 17, 2022Housing Starts: 8:15amJulyCanada Mortgage and Housing Corporation said the seasonally-adjusted annual rate of housing starts was 275,329 units, an increase of 1.1% from June.Housing starts in Canada fell 3 percent over a month earlier to 273,841 units in June of 2022, but well above market expectations of 265,000 units, according to the Canada Mortgage and Housing Corporation (CHMC).
Thursday, August 18, 2022Industrial Product Price Index: 8:30amJulyThe Industrial Product Price Index declined 2.1% month over month in July and increased 11.9% year over yearThe Industrial Product Price Index declined by 1.1% month over month in June and by 14.3% compared with June 2021
Thursday, August 18, 2022Raw Materials Price Index: 8:30amJulyThe Raw Materials Price index fell 7.4% month over month in July and was 19.1% higher compared with July 2021.The Raw Materials Price Index edged down 0.1% on a monthly basis in June and increased 32.4% year over year.
Friday, August 19, 2022Retail Trade: 8:30amJuneRetail sales increased 1.1% to $63.1 billion in June, the sixth consecutive increase.Retail sales increased 2.2% to $62.2 billion in May
Monday, August 22, 2022New Housing Price Index: 8:30amJuly---New home prices for Canada were up 0.2% in June compared with May.
Thursday, August 25, 2022Payroll Employment, Earnings and Hours: 8:30amJune---The number of employees receiving pay or benefits from their employer—measured by the Survey of Employment, Payrolls and Hours as payroll employment—decreased by 26,100 (-0.1%) in May, the first decline since May 2021
Wednesday, August 31, 2022GDP: 8:30amJune---Real gross domestic product was essentially unchanged in May as growth in services-producing industries was offset by declines in goods-producing industries.
Wednesday, September 7, 2022BoC Interest Rate Decision: 10:00amSept---The Bank of Canada today increased its target for the overnight rate to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.5%.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Tuesday, August 2, 2022

    For: July

    Current Month:
    The S&P Global Canada Manufacturing PMI fell to 52.5 in July of 2022 from 54.6 in the previous month.

    Previous Month:
    The index registered 54.6 in June, down from 56.8 in May, a 17-month low.
  • Building Permits: 8:30am

    Thursday, August 4, 2022

    For: June

    Current Month:
    The total value of building permits in Canada declined 1.5% in June to $11.9 billion, mainly due to the non-residential sector, which dropped 10.4% to $3.7 billion, after posting its second highest monthly value.

    Previous Month:
    The total value of building permits in Canada rose 2.3% in May to $12.1 billion. The non-residential sector increased 7.0% to $4.3 billion, while the residential sector edged down 0.1% to $7.8 billion.
  • Canadian International Merchandise Trade: 8:30am

    Thursday, August 4, 2022

    For: June

    Current Month:
    In June, Canada's merchandise exports increased 2.0%, mostly on crude oil and gold exports. Meanwhile, imports rose 1.7%, mainly on energy products. As a result, Canada's merchandise trade surplus with the world widened from $4.8 billion in May to $5.0 billion in June.

    Previous Month:
    In May, Canada's merchandise exports rose 4.1%, a fifth consecutive monthly increase. Meanwhile, imports decreased 0.7%. As a result, Canada's merchandise trade surplus with the world widened from $2.2 billion in April to $5.3 billion in May, the largest trade surplus since August 2008.
  • Labour Force Survey: 8:30am

    Friday, August 5, 2022

    For: July

    Current Month:
    Employment was little changed (-31,000) in July, and the unemployment rate was unchanged at 4.9%.

    Previous Month:
    Employment fell by 43,000 (-0.2%) in June. The unemployment rate fell 0.2 percentage points to a new record low of 4.9%, as fewer people searched for work.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, August 5, 2022

    For: July

    Current Month:
    The index dwindled to 49.6 in July, way below June's 62.2, and below the 56.4 figure for July 2021

    Previous Month:
    The index shrank to 62.2 in June, a far cry from May's 72, and far below the 71.9 figure in June 2021.
  • Wholesale Trade: 8:30am

    Monday, August 15, 2022

    For: June

    Current Month:
    In June, wholesale sales rose 0.1% to $80.7 billion. This growth was attributable to increases in the miscellaneous goods and motor vehicle and motor vehicle an motor vehicle parts and accessories subsectors.

    Previous Month:
    Wholesale sales rose 1.6% in May to $81.1 billion. This growth was predominantly due to higher sales in the food, beverage and tobacco subsector and the machinery, equipment and supplies subsector.
  • CREAstats - MLS Sales: 8:30am

    Monday, August 15, 2022

    For: July

    Current Month:
    National home sales fell by 5.3% on a month-over-month basis in July.

    Previous Month:
    Home sales recorded over Canadian MLS Systems fell by 5.6% between May and June.
  • Monthly Survey of Manufacturing: 8:30am

    Monday, August 15, 2022

    For: June

    Current Month:
    Manufacturing sales fell 0.8% in June, mainly on lower sales of petroleum and coal products and of wood products. Excluding the petroleum and coal product industry, sales rose 0.5% in June.

    Previous Month:
    Manufacturing sales fell 2.0% in May, mainly on lower sales of motor vehicles and primary metals.
  • Consumer Price Index: 8:30am

    Tuesday, August 16, 2022

    For: July

    Current Month:
    The Consumer Price Index (CPI) rose 7.6% on a year-over-year basis in July, down from an 8.1% gain in June. On a seasonally adjusted monthly basis, the CPI increased 0.3% in July.

    Previous Month:
    The Consumer Price Index (CPI) rose 8.1% on a year-over-year basis in June, up from a 7.7% gain in May. On a seasonally adjusted monthly basis, the CPI increased 0.6% in June.
  • Canada's International Transactions in Securities: 8:30am

    Tuesday, August 16, 2022

    For: June

    Current Month:
    Foreign investors reduced their holdings of Canadian securities by $17.5 billion in June, the largest divestment since December 2018. At the same time, Canadian investors reduced their holdings of foreign securities by $12.3 billion, following a small investment in May.

    Previous Month:
    Cross-border transactions in Canadian and foreign securities slowed considerably in May. Foreign investors acquired $2.3 billion of Canadian securities, the lowest investment since January 2021. Meanwhile, Canadian investors added $573 million of foreign securities to their holdings, after a record-high $29.2 billion investment in April 2022.
  • Housing Starts: 8:15am

    Wednesday, August 17, 2022

    For: July

    Current Month:
    Canada Mortgage and Housing Corporation said the seasonally-adjusted annual rate of housing starts was 275,329 units, an increase of 1.1% from June.

    Previous Month:
    Housing starts in Canada fell 3 percent over a month earlier to 273,841 units in June of 2022, but well above market expectations of 265,000 units, according to the Canada Mortgage and Housing Corporation (CHMC).
  • Industrial Product Price Index: 8:30am

    Thursday, August 18, 2022

    For: July

    Current Month:
    The Industrial Product Price Index declined 2.1% month over month in July and increased 11.9% year over year

    Previous Month:
    The Industrial Product Price Index declined by 1.1% month over month in June and by 14.3% compared with June 2021
  • Raw Materials Price Index: 8:30am

    Thursday, August 18, 2022

    For: July

    Current Month:
    The Raw Materials Price index fell 7.4% month over month in July and was 19.1% higher compared with July 2021.

    Previous Month:
    The Raw Materials Price Index edged down 0.1% on a monthly basis in June and increased 32.4% year over year.
  • Retail Trade: 8:30am

    Friday, August 19, 2022

    For: June

    Current Month:
    Retail sales increased 1.1% to $63.1 billion in June, the sixth consecutive increase.

    Previous Month:
    Retail sales increased 2.2% to $62.2 billion in May
  • New Housing Price Index: 8:30am

    Monday, August 22, 2022

    For: July

    Current Month:
    ---

    Previous Month:
    New home prices for Canada were up 0.2% in June compared with May.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, August 25, 2022

    For: June

    Current Month:
    ---

    Previous Month:
    The number of employees receiving pay or benefits from their employer—measured by the Survey of Employment, Payrolls and Hours as payroll employment—decreased by 26,100 (-0.1%) in May, the first decline since May 2021
  • GDP: 8:30am

    Wednesday, August 31, 2022

    For: June

    Current Month:
    ---

    Previous Month:
    Real gross domestic product was essentially unchanged in May as growth in services-producing industries was offset by declines in goods-producing industries.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, September 7, 2022

    For: Sept

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today increased its target for the overnight rate to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.5%.