Canadian Economic Calendar - January 2022

DateStatisticForCurrent MonthPrevious Month
Tuesday, January 4, 2022Markit Canada Manufacturing PMI: 9:30 amDecThe PMI registered at 56.5 in December, down from 57.2 in November.The PMI registered at 57.2 in November, down slightly from 57.7 in October.
Wednesday, January 5, 2022Building Permits: 8:30amNovThe total value of building permits increased 6.8% to $11.2 billion in November.The total value of building permits increased 1.3% to $10.3 billion in October, led by gains in British Columbia (+15.0%) and Ontario (+4.5%).
Thursday, January 6, 2022Canadian International Merchandise Trade: 8:30amNovTotal exports increased 3.8%, while imports rose 2.4%. As a result, Canada's merchandise trade surplus widened from $2.3 billion in October to $3.1 billion in November.Canada's merchandise trade surplus widened from $1.4 billion in September to $2.1 billion in October, the largest surplus so far in 2021.
Friday, January 7, 2022Labour Force Survey: 8:30amDecEmployment rose by 55,000 (+0.3%) in December, while the unemployment rate was little changed at 5.9%.Employment rose by 154,000 (+0.8%) in November and was 186,000 (+1.0%) higher than its pre-COVID February 2020 level.
Friday, January 7, 2022IVEY Purchasing Managers Index: 10:00amDecThe PMI plummeted to 45 in December, down from 61.2 in November, and lower than the 46.7 figure seen in December 2020. The PMI jumped to 61.2 in November, up from 59.3 in October, and much higher than the 52.7 figure posted in November 2020.
Friday, January 14, 2022CREAstats - MLS Sales: 8:30amDecNationally, home sales activity decreased by 9.9% from year-ago levels in December 2021.National home sales rose 0.6% on a month-over-month basis in November, according to the Canadian Real Estate Association
Monday, January 17, 2022Canada's International Transactions in Securities: 8:30amNovForeign investors acquired $30.1 billion of Canadian securities in November, the largest investment since April 2020. At the same time, Canadian investors increased their holdings of foreign securities by $17.5 billion, led by purchases of U.S. shares.Foreign investors acquired $23.9 billion of Canadian securities in October, the largest investment since April 2020. At the same time, Canadian investors increased their holdings of foreign securities by $5.4 billion, led by record purchases of non-U.S. foreign bonds.
Monday, January 17, 2022Monthly Survey of Manufacturing: 8:30amNovManufacturing sales rose 2.6% in November, mainly on higher sales of primary metal, petroleum and coal product, and non-metallic mineral product industries.Manufacturing sales rose 4.3% in October, on higher sales of motor vehicles and motor vehicle parts. Excluding these two industries, manufacturing sales increased 1.7%.
Tuesday, January 18, 2022Housing Starts: 8:15amDecThe trend in housing starts was 260,567 units in December, down from 267,606 units in November, according to Canada Mortgage and Housing Corporation.The seasonally adjusted annualized rate of housing starts rose to 301,279 units in November, beating analyst expectations of 234,300 starts and up from a revised 238,366 units in October.
Wednesday, January 19, 2022Wholesale Trade: 8:30amNovWholesale sales grew for the fourth consecutive month, up 3.5% in November.Wholesale sales grew 1.4% in October to the highest level on record, 11.4% higher than in February 2020.
Wednesday, January 19, 2022Consumer Price Index: 8:30amDecThe CPI rose 4.8% on a year-over-year basis in December, up from a 4.7% gain in November.Canada's annual inflation rate remained at 4.7% in November, an 18-year high, amid the continued impact of supply chain disruptions.
Friday, January 21, 2022Retail Trade: 8:30amNovRetail sales were up 0.7% to $58.1 billion in November.Retail sales were up 1.6% to $57.6 billion in October.
Friday, January 21, 2022New Housing Price Index: 8:30amDecIn December, new home prices for Canada grew (+0.2%) at their slowest pace since June 2020. Nationally, new home prices rose 11.6% year over year in December.Canadian home prices continue to rise in November 2021 with the average home price now at $720,850. That's a 19.6% year-over-year increase from November 2020.
Wednesday, January 26, 2022BoC Interest Rate Decision: 10:00amJanThe 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%. 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%
Thursday, January 27, 2022Payroll Employment, Earnings and Hours: 8:30amNov---Payroll employment rose by 131,700 (+0.8%) in October, bringing it to within 0.6 percentage points of its pre-pandemic February 2020 level.
Monday, January 31, 2022Industrial Product Price Index: 8:30amDec---The index increased 0.8% month over month in November and 18.1% year over year.
Monday, January 31, 2022Raw Materials Price Index: 8:30amDec---The index fell 1.0% month over month in November, and were up 36.2% year over year.
Tuesday, February 1, 2022GDP: 8:30amNov---Real gross domestic product rose 0.8% in October on broad-based increases across sectors.
  • Markit Canada Manufacturing PMI: 9:30 am

    Tuesday, January 4, 2022

    For: Dec

    Current Month:
    The PMI registered at 56.5 in December, down from 57.2 in November.

    Previous Month:
    The PMI registered at 57.2 in November, down slightly from 57.7 in October.
  • Building Permits: 8:30am

    Wednesday, January 5, 2022

    For: Nov

    Current Month:
    The total value of building permits increased 6.8% to $11.2 billion in November.

    Previous Month:
    The total value of building permits increased 1.3% to $10.3 billion in October, led by gains in British Columbia (+15.0%) and Ontario (+4.5%).
  • Canadian International Merchandise Trade: 8:30am

    Thursday, January 6, 2022

    For: Nov

    Current Month:
    Total exports increased 3.8%, while imports rose 2.4%. As a result, Canada's merchandise trade surplus widened from $2.3 billion in October to $3.1 billion in November.

    Previous Month:
    Canada's merchandise trade surplus widened from $1.4 billion in September to $2.1 billion in October, the largest surplus so far in 2021.
  • Labour Force Survey: 8:30am

    Friday, January 7, 2022

    For: Dec

    Current Month:
    Employment rose by 55,000 (+0.3%) in December, while the unemployment rate was little changed at 5.9%.

    Previous Month:
    Employment rose by 154,000 (+0.8%) in November and was 186,000 (+1.0%) higher than its pre-COVID February 2020 level.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, January 7, 2022

    For: Dec

    Current Month:
    The PMI plummeted to 45 in December, down from 61.2 in November, and lower than the 46.7 figure seen in December 2020.

    Previous Month:
    The PMI jumped to 61.2 in November, up from 59.3 in October, and much higher than the 52.7 figure posted in November 2020.
  • CREAstats - MLS Sales: 8:30am

    Friday, January 14, 2022

    For: Dec

    Current Month:
    Nationally, home sales activity decreased by 9.9% from year-ago levels in December 2021.

    Previous Month:
    National home sales rose 0.6% on a month-over-month basis in November, according to the Canadian Real Estate Association
  • Canada's International Transactions in Securities: 8:30am

    Monday, January 17, 2022

    For: Nov

    Current Month:
    Foreign investors acquired $30.1 billion of Canadian securities in November, the largest investment since April 2020. At the same time, Canadian investors increased their holdings of foreign securities by $17.5 billion, led by purchases of U.S. shares.

    Previous Month:
    Foreign investors acquired $23.9 billion of Canadian securities in October, the largest investment since April 2020. At the same time, Canadian investors increased their holdings of foreign securities by $5.4 billion, led by record purchases of non-U.S. foreign bonds.
  • Monthly Survey of Manufacturing: 8:30am

    Monday, January 17, 2022

    For: Nov

    Current Month:
    Manufacturing sales rose 2.6% in November, mainly on higher sales of primary metal, petroleum and coal product, and non-metallic mineral product industries.

    Previous Month:
    Manufacturing sales rose 4.3% in October, on higher sales of motor vehicles and motor vehicle parts. Excluding these two industries, manufacturing sales increased 1.7%.
  • Housing Starts: 8:15am

    Tuesday, January 18, 2022

    For: Dec

    Current Month:
    The trend in housing starts was 260,567 units in December, down from 267,606 units in November, according to Canada Mortgage and Housing Corporation.

    Previous Month:
    The seasonally adjusted annualized rate of housing starts rose to 301,279 units in November, beating analyst expectations of 234,300 starts and up from a revised 238,366 units in October.
  • Wholesale Trade: 8:30am

    Wednesday, January 19, 2022

    For: Nov

    Current Month:
    Wholesale sales grew for the fourth consecutive month, up 3.5% in November.

    Previous Month:
    Wholesale sales grew 1.4% in October to the highest level on record, 11.4% higher than in February 2020.
  • Consumer Price Index: 8:30am

    Wednesday, January 19, 2022

    For: Dec

    Current Month:
    The CPI rose 4.8% on a year-over-year basis in December, up from a 4.7% gain in November.

    Previous Month:
    Canada's annual inflation rate remained at 4.7% in November, an 18-year high, amid the continued impact of supply chain disruptions.
  • Retail Trade: 8:30am

    Friday, January 21, 2022

    For: Nov

    Current Month:
    Retail sales were up 0.7% to $58.1 billion in November.

    Previous Month:
    Retail sales were up 1.6% to $57.6 billion in October.
  • New Housing Price Index: 8:30am

    Friday, January 21, 2022

    For: Dec

    Current Month:
    In December, new home prices for Canada grew (+0.2%) at their slowest pace since June 2020. Nationally, new home prices rose 11.6% year over year in December.

    Previous Month:
    Canadian home prices continue to rise in November 2021 with the average home price now at $720,850. That's a 19.6% year-over-year increase from November 2020.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, January 26, 2022

    For: Jan

    Current 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%.

    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%
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, January 27, 2022

    For: Nov

    Current Month:
    ---

    Previous Month:
    Payroll employment rose by 131,700 (+0.8%) in October, bringing it to within 0.6 percentage points of its pre-pandemic February 2020 level.
  • Industrial Product Price Index: 8:30am

    Monday, January 31, 2022

    For: Dec

    Current Month:
    ---

    Previous Month:
    The index increased 0.8% month over month in November and 18.1% year over year.
  • Raw Materials Price Index: 8:30am

    Monday, January 31, 2022

    For: Dec

    Current Month:
    ---

    Previous Month:
    The index fell 1.0% month over month in November, and were up 36.2% year over year.
  • GDP: 8:30am

    Tuesday, February 1, 2022

    For: Nov

    Current Month:
    ---

    Previous Month:
    Real gross domestic product rose 0.8% in October on broad-based increases across sectors.