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Canadian Economic Calendar - November 2025

DateStatisticForCurrent MonthPrevious Month
Monday, November 3, 2025Markit Canada Manufacturing PMI 9:30 a.m. OctManufacturing PMI in Canada climbed to 49.6 points in October from 47.7 points in September. Manufacturing PMI in Canada decreased to 47.70 points in September from 48.30 points in August of 2025. Manufacturing PMI in Canada averaged 52.06 points from 2011 until 2025, reaching an all time high of 58.90 points in March of 2022 and a record low of 33 points in April 2020.
Tuesday, November 4, 2025Canadian International Merchandise Trade: 8:30amSept---In August, Canada's merchandise exports fell 3.0%, while imports were up 0.9%. As a result, Canada's merchandise trade deficit with the world widened from $3.8 billion in July to $6.3 billion in August.
Wednesday, November 5, 2025IVEY Purchasing Managers Index: 10:00amOct---The index vaulted to 59.8 in September, from 50.1 in August, also improving on the 53.1 reading for September 2024.
Friday, November 7, 2025Labour Force Survey: 8:30amOct---Employment increased by 60,000 (+0.3%) in September and the employment rate rose by 0.1 percentage points to 60.6%. The unemployment rate was unchanged at 7.1%.
Wednesday, November 12, 2025Building Permits: 8:30amSept---In August, the total value of building permits issued in Canada was down $139.2 million (-1.2%) to $11.6 billion.
Friday, November 14, 2025Wholesale Trade: 8:30amSept---Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) declined 1.2% to $85.4 billion in August.
Friday, November 14, 2025New Motor Vehicle Sales: 7:30amSept---There were 167,017 new motor vehicles sold in Canada in August, increasing 0.5% from August 2024. In dollar terms, sales decreased 1.7% in August 2025. Sales of new passenger cars increased 1.0% from one year earlier, the third consecutive monthly increase for this subsector. There were also more sales of trucks (+0.4%).
Friday, November 14, 2025Monthly Survey of Manufacturing: 8:30amSept---Manufacturing sales decreased 1.0% in August, driven largely by lower sales in the transportation equipment and food subsectors.
Monday, November 17, 2025Housing Starts: 8:15amOct---The six-month trend in housing starts increased (4.1%) in September (277,147 units), according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada.
Monday, November 17, 2025Canada's International Transactions in Securities: 8:30amSept---Foreign investors acquired $25.9 billion of Canadian securities in August, led by purchases of debt instruments. Meanwhile, Canadian investors added $19.5 billion of foreign securities to their portfolio, led by investment in shares
Monday, November 17, 2025CREA MLS Sales: 8:30amOct--- The number of home sales recorded over Canadian MLS® Systems declined by 1.7% on a month-over-month basis in September 2025, ending a string of gains that began in April. That said, it was still the best month of September for sales since 2021.
Monday, November 17, 2025Consumer Price Index: 8:30amOct---The Consumer Price Index (CPI) rose 2.4% year over year in September, up from a 1.9% increase in August. On a seasonally adjusted monthly basis, the CPI rose 0.4% in September.
Thursday, November 20, 2025Industrial Product Price Index: 8:30amOct---The Industrial Product Price Index increased 0.8% month over month in September and gained 5.5% year over year.
Thursday, November 20, 2025Raw Materials Price Index: 8:30amOct---The index increased 1.7% month over month and rose 8.4% year over year.
Friday, November 21, 2025New Housing Price Index: 8:30amOct---Statistics Canada’s housing price index decreased 0.2% in September, compared to a loss of 0.3% in the month before.
Friday, November 21, 2025Retail Trade: 8:30amSept---Retail sales increased 1.0% to $70.4 billion in August. Sales were up in six of nine subsectors and were led by increases at motor vehicle and parts dealers.
Thursday, November 27, 2025Payroll Employment, Earnings and Hours: 8:30amSept---The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—was little changed (+3,300; +0.0%) in August, following an increase of 25,600 (+0.1%) in July. On a year-over-year basis, payroll employment was up 31,500 (+0.2%) in August 2025.
Friday, November 28, 2025GDP: 8:30amSept---Real gross domestic product was down 0.3% in August, down for the fourth time in five months, as goods-producing and services-producing industries contracted.
Wednesday, December 10, 2025BoC Interest Rate Decision: 9:45amDec---The Bank of Canada has lowered its benchmark interest rate, cutting by 25 basis points amid continuing signs of a softening national economy. The central bank said on Wednesday morning it was bringing that policy rate, which directly impacts variable mortgage rates, down to 2.25% in a decision widely expected by most economists.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Monday, November 3, 2025

    For: Oct

    Current Month:
    Manufacturing PMI in Canada climbed to 49.6 points in October from 47.7 points in September.

    Previous Month:
    Manufacturing PMI in Canada decreased to 47.70 points in September from 48.30 points in August of 2025. Manufacturing PMI in Canada averaged 52.06 points from 2011 until 2025, reaching an all time high of 58.90 points in March of 2022 and a record low of 33 points in April 2020.
  • Canadian International Merchandise Trade: 8:30am

    Tuesday, November 4, 2025

    For: Sept

    Current Month:
    ---

    Previous Month:
    In August, Canada's merchandise exports fell 3.0%, while imports were up 0.9%. As a result, Canada's merchandise trade deficit with the world widened from $3.8 billion in July to $6.3 billion in August.
  • IVEY Purchasing Managers Index: 10:00am

    Wednesday, November 5, 2025

    For: Oct

    Current Month:
    ---

    Previous Month:
    The index vaulted to 59.8 in September, from 50.1 in August, also improving on the 53.1 reading for September 2024.
  • Labour Force Survey: 8:30am

    Friday, November 7, 2025

    For: Oct

    Current Month:
    ---

    Previous Month:
    Employment increased by 60,000 (+0.3%) in September and the employment rate rose by 0.1 percentage points to 60.6%. The unemployment rate was unchanged at 7.1%.
  • Building Permits: 8:30am

    Wednesday, November 12, 2025

    For: Sept

    Current Month:
    ---

    Previous Month:
    In August, the total value of building permits issued in Canada was down $139.2 million (-1.2%) to $11.6 billion.
  • Wholesale Trade: 8:30am

    Friday, November 14, 2025

    For: Sept

    Current Month:
    ---

    Previous Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) declined 1.2% to $85.4 billion in August.
  • New Motor Vehicle Sales: 7:30am

    Friday, November 14, 2025

    For: Sept

    Current Month:
    ---

    Previous Month:
    There were 167,017 new motor vehicles sold in Canada in August, increasing 0.5% from August 2024. In dollar terms, sales decreased 1.7% in August 2025. Sales of new passenger cars increased 1.0% from one year earlier, the third consecutive monthly increase for this subsector. There were also more sales of trucks (+0.4%).
  • Monthly Survey of Manufacturing: 8:30am

    Friday, November 14, 2025

    For: Sept

    Current Month:
    ---

    Previous Month:
    Manufacturing sales decreased 1.0% in August, driven largely by lower sales in the transportation equipment and food subsectors.
  • Housing Starts: 8:15am

    Monday, November 17, 2025

    For: Oct

    Current Month:
    ---

    Previous Month:
    The six-month trend in housing starts increased (4.1%) in September (277,147 units), according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada.
  • Canada's International Transactions in Securities: 8:30am

    Monday, November 17, 2025

    For: Sept

    Current Month:
    ---

    Previous Month:
    Foreign investors acquired $25.9 billion of Canadian securities in August, led by purchases of debt instruments. Meanwhile, Canadian investors added $19.5 billion of foreign securities to their portfolio, led by investment in shares
  • CREA MLS Sales: 8:30am

    Monday, November 17, 2025

    For: Oct

    Current Month:
    ---

    Previous Month:
    The number of home sales recorded over Canadian MLS® Systems declined by 1.7% on a month-over-month basis in September 2025, ending a string of gains that began in April. That said, it was still the best month of September for sales since 2021.
  • Consumer Price Index: 8:30am

    Monday, November 17, 2025

    For: Oct

    Current Month:
    ---

    Previous Month:
    The Consumer Price Index (CPI) rose 2.4% year over year in September, up from a 1.9% increase in August. On a seasonally adjusted monthly basis, the CPI rose 0.4% in September.
  • Industrial Product Price Index: 8:30am

    Thursday, November 20, 2025

    For: Oct

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index increased 0.8% month over month in September and gained 5.5% year over year.
  • Raw Materials Price Index: 8:30am

    Thursday, November 20, 2025

    For: Oct

    Current Month:
    ---

    Previous Month:
    The index increased 1.7% month over month and rose 8.4% year over year.
  • New Housing Price Index: 8:30am

    Friday, November 21, 2025

    For: Oct

    Current Month:
    ---

    Previous Month:
    Statistics Canada’s housing price index decreased 0.2% in September, compared to a loss of 0.3% in the month before.
  • Retail Trade: 8:30am

    Friday, November 21, 2025

    For: Sept

    Current Month:
    ---

    Previous Month:
    Retail sales increased 1.0% to $70.4 billion in August. Sales were up in six of nine subsectors and were led by increases at motor vehicle and parts dealers.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, November 27, 2025

    For: Sept

    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—was little changed (+3,300; +0.0%) in August, following an increase of 25,600 (+0.1%) in July. On a year-over-year basis, payroll employment was up 31,500 (+0.2%) in August 2025.
  • GDP: 8:30am

    Friday, November 28, 2025

    For: Sept

    Current Month:
    ---

    Previous Month:
    Real gross domestic product was down 0.3% in August, down for the fourth time in five months, as goods-producing and services-producing industries contracted.
  • BoC Interest Rate Decision: 9:45am

    Wednesday, December 10, 2025

    For: Dec

    Current Month:
    ---

    Previous Month:
    The Bank of Canada has lowered its benchmark interest rate, cutting by 25 basis points amid continuing signs of a softening national economy. The central bank said on Wednesday morning it was bringing that policy rate, which directly impacts variable mortgage rates, down to 2.25% in a decision widely expected by most economists.