Canadian Economic Calendar - May 2021

DateStatisticForCurrent MonthPrevious Month
Monday, May 3, 2021Markit Canada Manufacturing PMI: 9:30 amAprilThe headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index registered 57.2 in April, down from 58.5 in March, to signal the third-strongest growth in operating conditions in the survey to date, which began in October 2010.The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) registered 58.5 in March, up considerably from 54.8 in February, to become the highest reading in over 10 years of data collection.
Tuesday, May 4, 2021Building Permits: 8:30amMarMarch marked the third consecutive month of record-setting numbers as building permits rose 5.7% to $10.9 billion, reflecting a booming residential sector.The total value of building permits issued in February broke the $10 billion mark for the first time, as a jump in the non-residential sector more than offset the decline in the residential sector.
Tuesday, May 4, 2021Canadian International Merchandise Trade: 8:30amMarIn March, Canada's imports posted a significant increase of 5.5%, while exports edged up 0.3%. As a result, following two consecutive monthly trade surpluses, Canada's merchandise trade balance returned to a deficit position, moving from a surplus of $1.4 billion in February to a deficit of $1.1 billion in March.Canada's merchandise exports decreased by 2.7% in February, while imports fell 2.4%. As a result, Canada's merchandise trade surplus with the world narrowed from $1.2 billion in January to $1.0 billion in February.
Friday, May 7, 2021Labour Force Survey: 8:30amAprilEmployment fell by 207,000 (-1.1%) in April and the unemployment rate rose 0.6 percentage points to 8.1%.Employment rose 303,000 (or 1.6%) in March. Combined with an increase of 259,000 (1.4%) in February, this brought employment to within 1.5% (-296,000) of its February 2020 level. The unemployment rate fell 0.7 percentage points to 7.5%, the lowest level since February 2020.
Friday, May 7, 2021IVEY Purchasing Managers Index: 10:00amAprilThe index tumbled to 60.6 in April, lurching below the 72.9 reading in March, but still well above the 22.8 figure for April 2020The index catapulted to 72.9 in March, towering above the 60.0 reading in February, and racing away from the 26.0 figure for March 2020
Friday, May 14, 2021Wholesale Trade: 8:30amMarSales by Canadian wholesalers rose 2.8% in March, the second increase in three months.Sales of wholesale products fell 0.7% in February to $68.8 billion, the second decline in three months. Despite the drop, sales in February were the second highest on record for the sector.
Friday, May 14, 2021Monthly Survey of Manufacturing: 8:30amMarManufacturing sales bounced back in March, rising 3.5% to $57.8 billion, following a 1.1% decline in February. Gains were widespread across all major industries.Manufacturing sales decreased 1.6% to $55.4 billion in February, following a 3.4% increase in January. Lower sales of motor vehicles and motor vehicle parts were largely responsible for the decline.
Monday, May 17, 2021CREAstats - MLS Sales: 8:30amAprilNational home sales declined by 12.5% on a month-over-month basis in April. Home sales were up by 256% on a year-over-year basis in April and the average price of those sales was up 42%.Home sales recorded over Canadian MLS® Systems climbed 5.2% between February and March 2021 to set another new all-time record.
Monday, May 17, 2021Canada's International Transactions in Securities: 8:30amMarCanadian investment in foreign securities totalled $21.2 billion in March, mainly from purchases of U.S. shares. Meanwhile, foreign investment in Canadian securities was $3.2 billion, mostly in acquisitions of Canadian shares.Canadian investors acquired $10.5 billion of foreign securities in February, continuing a trend of net purchases that began in May 2020. Meanwhile, foreign investment in Canadian securities reached $8.5 billion, led by strong acquisitions of Canadian shares.
Monday, May 17, 2021Housing Starts: 8:15amAprilThe trend in housing starts was 279,055 units in April 2021, up from 272,164 units in March 2021, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts The trend in housing starts was 273,664 units in March 2021, up from 252,636 units in February 2021, according to Canada Mortgage and Housing Corporation (CMHC).
Wednesday, May 19, 2021Consumer Price Index: 8:30amApril---CPI rose 2.2% on a year-over-year basis in March, up from a 1.1% gain in February. On a seasonally adjusted monthly basis, the CPI rose 0.1% in March.
Thursday, May 20, 2021New Housing Price Index: 8:30amApril---New home prices rose 1.1% in March nationally, following one of the largest monthly increases on record in February.
Friday, May 21, 2021Retail Trade: 8:30amMar---Retail sales were up 4.8% to $55.1 billion in February. Sales increased in nine of 11 subsectors, led by higher sales at motor vehicle and parts dealers and gasoline stations.
Thursday, May 27, 2021Payroll Employment, Earnings and Hours: 8:30amMar---The total number of payroll employees in February was down 1.2 million (-6.8%) from one year earlier, before the onset of the COVID-19 pandemic.
Monday, May 31, 2021Industrial Product Price Index: 8:30amApril---In March, the Industrial Product Price Index increased 1.6% month over month and 10.0% year over year
Monday, May 31, 2021Raw Materials Price Index: 8:30amApril---The Raw Materials Price Index was up 2.3% month over month and up 34.7% year over year.
Tuesday, June 1, 2021GDP: 8:30amMar---Real gross domestic product grew 0.4% in February, following 0.7% growth in January, as 14 of the 20 industrial sectors were up.
Wednesday, June 9, 2021BoC Interest Rate Decision: 10:00amJune---The Bank of Canada today held its target for the overnight rate at the effective lower bound of 0.25%, with the Bank Rate at 0.5%and the deposit rate at 0.25%
  • Markit Canada Manufacturing PMI: 9:30 am

    Monday, May 3, 2021

    For: April

    Current Month:
    The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index registered 57.2 in April, down from 58.5 in March, to signal the third-strongest growth in operating conditions in the survey to date, which began in October 2010.

    Previous Month:
    The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) registered 58.5 in March, up considerably from 54.8 in February, to become the highest reading in over 10 years of data collection.
  • Building Permits: 8:30am

    Tuesday, May 4, 2021

    For: Mar

    Current Month:
    March marked the third consecutive month of record-setting numbers as building permits rose 5.7% to $10.9 billion, reflecting a booming residential sector.

    Previous Month:
    The total value of building permits issued in February broke the $10 billion mark for the first time, as a jump in the non-residential sector more than offset the decline in the residential sector.
  • Canadian International Merchandise Trade: 8:30am

    Tuesday, May 4, 2021

    For: Mar

    Current Month:
    In March, Canada's imports posted a significant increase of 5.5%, while exports edged up 0.3%. As a result, following two consecutive monthly trade surpluses, Canada's merchandise trade balance returned to a deficit position, moving from a surplus of $1.4 billion in February to a deficit of $1.1 billion in March.

    Previous Month:
    Canada's merchandise exports decreased by 2.7% in February, while imports fell 2.4%. As a result, Canada's merchandise trade surplus with the world narrowed from $1.2 billion in January to $1.0 billion in February.
  • Labour Force Survey: 8:30am

    Friday, May 7, 2021

    For: April

    Current Month:
    Employment fell by 207,000 (-1.1%) in April and the unemployment rate rose 0.6 percentage points to 8.1%.

    Previous Month:
    Employment rose 303,000 (or 1.6%) in March. Combined with an increase of 259,000 (1.4%) in February, this brought employment to within 1.5% (-296,000) of its February 2020 level. The unemployment rate fell 0.7 percentage points to 7.5%, the lowest level since February 2020.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, May 7, 2021

    For: April

    Current Month:
    The index tumbled to 60.6 in April, lurching below the 72.9 reading in March, but still well above the 22.8 figure for April 2020

    Previous Month:
    The index catapulted to 72.9 in March, towering above the 60.0 reading in February, and racing away from the 26.0 figure for March 2020
  • Wholesale Trade: 8:30am

    Friday, May 14, 2021

    For: Mar

    Current Month:
    Sales by Canadian wholesalers rose 2.8% in March, the second increase in three months.

    Previous Month:
    Sales of wholesale products fell 0.7% in February to $68.8 billion, the second decline in three months. Despite the drop, sales in February were the second highest on record for the sector.
  • Monthly Survey of Manufacturing: 8:30am

    Friday, May 14, 2021

    For: Mar

    Current Month:
    Manufacturing sales bounced back in March, rising 3.5% to $57.8 billion, following a 1.1% decline in February. Gains were widespread across all major industries.

    Previous Month:
    Manufacturing sales decreased 1.6% to $55.4 billion in February, following a 3.4% increase in January. Lower sales of motor vehicles and motor vehicle parts were largely responsible for the decline.
  • CREAstats - MLS Sales: 8:30am

    Monday, May 17, 2021

    For: April

    Current Month:
    National home sales declined by 12.5% on a month-over-month basis in April. Home sales were up by 256% on a year-over-year basis in April and the average price of those sales was up 42%.

    Previous Month:
    Home sales recorded over Canadian MLS® Systems climbed 5.2% between February and March 2021 to set another new all-time record.
  • Canada's International Transactions in Securities: 8:30am

    Monday, May 17, 2021

    For: Mar

    Current Month:
    Canadian investment in foreign securities totalled $21.2 billion in March, mainly from purchases of U.S. shares. Meanwhile, foreign investment in Canadian securities was $3.2 billion, mostly in acquisitions of Canadian shares.

    Previous Month:
    Canadian investors acquired $10.5 billion of foreign securities in February, continuing a trend of net purchases that began in May 2020. Meanwhile, foreign investment in Canadian securities reached $8.5 billion, led by strong acquisitions of Canadian shares.
  • Housing Starts: 8:15am

    Monday, May 17, 2021

    For: April

    Current Month:
    The trend in housing starts was 279,055 units in April 2021, up from 272,164 units in March 2021, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts

    Previous Month:
    The trend in housing starts was 273,664 units in March 2021, up from 252,636 units in February 2021, according to Canada Mortgage and Housing Corporation (CMHC).
  • Consumer Price Index: 8:30am

    Wednesday, May 19, 2021

    For: April

    Current Month:
    ---

    Previous Month:
    CPI rose 2.2% on a year-over-year basis in March, up from a 1.1% gain in February. On a seasonally adjusted monthly basis, the CPI rose 0.1% in March.
  • New Housing Price Index: 8:30am

    Thursday, May 20, 2021

    For: April

    Current Month:
    ---

    Previous Month:
    New home prices rose 1.1% in March nationally, following one of the largest monthly increases on record in February.
  • Retail Trade: 8:30am

    Friday, May 21, 2021

    For: Mar

    Current Month:
    ---

    Previous Month:
    Retail sales were up 4.8% to $55.1 billion in February. Sales increased in nine of 11 subsectors, led by higher sales at motor vehicle and parts dealers and gasoline stations.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, May 27, 2021

    For: Mar

    Current Month:
    ---

    Previous Month:
    The total number of payroll employees in February was down 1.2 million (-6.8%) from one year earlier, before the onset of the COVID-19 pandemic.
  • Industrial Product Price Index: 8:30am

    Monday, May 31, 2021

    For: April

    Current Month:
    ---

    Previous Month:
    In March, the Industrial Product Price Index increased 1.6% month over month and 10.0% year over year
  • Raw Materials Price Index: 8:30am

    Monday, May 31, 2021

    For: April

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index was up 2.3% month over month and up 34.7% year over year.
  • GDP: 8:30am

    Tuesday, June 1, 2021

    For: Mar

    Current Month:
    ---

    Previous Month:
    Real gross domestic product grew 0.4% in February, following 0.7% growth in January, as 14 of the 20 industrial sectors were up.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, June 9, 2021

    For: June

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today held its target for the overnight rate at the effective lower bound of 0.25%, with the Bank Rate at 0.5%and the deposit rate at 0.25%