Canadian Economic Calendar - April 2017

DateStatisticForCurrent MonthPrevious Month
Monday, April 03, 2017Markit Canada Manufacturing PMI: 9:30amMarThe seasonally-adjusted Markit Canada Manufacturing Purchasing Managers’ Index™ rose to 55.5 in March from 54.7 in February, to remain above the crucial 50.0 no-change value for the 13th consecutive month. At 54.7 in February, up from 53.5 in January, the seasonally adjusted Markit Canada Manufacturing Purchasing Managers’ Index signaled the strongest improvement in business conditions since November 2014. The average reading for Q1 2017 so far (54.1) is up from 51.5 in Q4 2016 and the highest quarterly figure for over two years.
Tuesday, April 04, 2017Canadian International Merchandise Trade: 8:30amFebCanada's merchandise trade balance with the world posted a $972-million deficit in February. Exports were down 2.4% while imports edged up 0.6%.Canada's merchandise trade balance with the world posted a third consecutive monthly surplus, widening from $447 million in December to $807 million in January. Exports were up 0.5% while imports edged down 0.3%.
Thursday, April 06, 2017Building Permits: 8:30amFebCanadian municipalities issued $7.5 billion worth of building permits in February, down 2.5% from January.The value of building permits issued by Canadian municipalities rose 5.4% to $7.6 billion in January, following two consecutive monthly decreases.
Friday, April 07, 2017Labour Force Survey: 8:30amMarEmployment was little changed in March (+19,000 or +0.1%), while the unemployment rate rose 0.1 percentage points to 6.7% as more people searched for work.Statistics Canada reported Friday that the economy added another 15,000 jobs in February, pushing the unemployment rate down to 6.6%
Friday, April 07, 2017IVEY Purchasing Managers Index: 10:00amMarThe index ballooned to 61.1 in March from 55 in February and 50.1 in March 2016. The index registered at 55 last month, compared to 57.2 in January, and 53.4 in February 2016
Monday, April 10, 2017Housing Starts: 8:15amMarCanada Mortgage and Housing Corporation reported that the seasonally-adjusted annual rate of housing starts rose to 253,720 units in March, topping economists' forecasts for 215,000. February was revised slightly higher to 214,253 units.Canada Mortgage and Housing Corporation reported housing starts on pace during February to hit 204,669 units in Canada, whereas January saw them hitting 200,255 units
Wednesday, April 12, 2017BoC rate announcement: 10:00am---As expected, the Bank of Canada maintains an overnight rate target at 0.5%. The central bank also announced that the bank rate is correspondingly 0.75% and the deposit rate is 0.25%As expected, the Bank of Canada maintains an overnight rate target at 0.5%. The central bank also announced that the bank rate is correspondingly 0.75% and the deposit rate is 0.25%
Thursday, April 13, 2017Monthly Survey of Manufacturing: 8:30amFebManufacturing sales edged down 0.2% in February to $53.6 billion, following three consecutive monthly increases.Manufacturing sales rose for the third consecutive month, up 0.6% to $53.8 billion in January.
Thursday, April 13, 2017New Housing Price Index: 8:30amFebThe New Housing Price Index rose 0.4% in February compared with the previous month. The New Housing Price Index edged up 0.1% in January compared with the previous month.
Tuesday, April 18, 2017Canada's International Transactions in Securities: 8:30amFebForeign investment in Canadian securities reached a record high $38.8 billion in February, led by the issuing of new Canadian shares to non-resident investors. At the same time, Canadian investors acquired $6.3 billion of foreign securities, mainly U.S. instruments.Foreign investment in Canadian securities slowed to $6.2 billion in January, down from $10.2 billion in December. At the same time, Canadian investors increased their holdings of foreign securities by $8.6 billion, led by purchases of U.S. instruments.
Tuesday, April 18, 2017CREAstats - MLS Sales: 8:30amMarThe Canadian Real Estate Association reported re-sales of Canadian homes rose 1.1% in March from February and prices were up 18.6% from a year earlier as strong demand in Toronto offset cooling elsewhere. The Canadian Real Estate Association said national home sales rose 5.2% from January to February. Actual (not seasonally-adjusted) activity in February was down 2.6% from a year earlier.
Thursday, April 20, 2017Employment Insurance: 8:30amFebThe number of regular Employment Insurance (EI) beneficiaries fell by 11,700 (-2.1%) to 554,200 in February over JanuaryIn January, 567,900 people received Employment Insurance (EI) benefits, little changed from the previous month. In the 12 months to January, the number of EI beneficiaries in Canada was up by 20,300 or 3.7%, largely as a result of increases in Alberta.
Friday, April 21, 2017Consumer Price Index: 8:30amMarThe Consumer Price Index rose 1.6% on a year-over-year basis in March, following a 2.0% increase in February. On a seasonally adjusted monthly basis, the Consumer Price Index was down 0.2% in March, after decreasing 0.3% in February.The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in February, following a 2.1% gain in January. Excluding gasoline, the CPI was up 1.3% year over year in February, following a 1.5% increase in January.
Monday, April 24, 2017Wholesale Trade: 8:30amFebWholesale sales edged down 0.2% to $58.9 billion in February, following four consecutive monthly increases.Wholesale sales rose 3.3% to a record high $59.1 billion in January. This was the largest monthly percentage gain since November 2009
Wednesday, April 26, 2017Retail Trade: 8:30amFebRetail sales declined 0.6% to $47.8 billion in February, following a 2.3% increase in January. Retail sales rose 2.2% to $46.0 billion in January
Thursday, April 27, 2017Average Weekly Earnings FebAverage weekly earnings of non-farm payroll employees were $968 in February, little changed from January and up 1.5% from 12 months earlier.Average weekly earnings of non-farm payroll employees were $967 in January, little changed from December and up 1.8% from January 2016.
Friday, April 28, 2017Industrial Product Price Index: 8:30amMarThe Industrial Product Price Index rose 0.8% in March, mainly due to higher prices for motorized and recreational vehicles and primary non-ferrous metal products.The Industrial Product Price Index edged up 0.1% in February, primarily due to higher prices for meat, fish and dairy products and primary non-ferrous metal products.
Friday, April 28, 2017Raw Materials Price Index: 8:30amMarThe Raw Materials Price Index decreased 1.6%, primarily due to lower prices for crude energy products.The Raw Materials Price Index increased 1.2%, mainly as a result of higher prices for animals and animal products.
Friday, April 28, 2017GDP: 8:30amFebGross domestic product was unchanged in February following three months of growth. Gross domestic product grew 0.6% in January on the strength of widespread growth across both goods- and service-producing industries.
  • Markit Canada Manufacturing PMI: 9:30am

    Monday, April 03, 2017

    For: Mar

    Current Month:
    The seasonally-adjusted Markit Canada Manufacturing Purchasing Managers’ Index™ rose to 55.5 in March from 54.7 in February, to remain above the crucial 50.0 no-change value for the 13th consecutive month.

    Previous Month:
    At 54.7 in February, up from 53.5 in January, the seasonally adjusted Markit Canada Manufacturing Purchasing Managers’ Index signaled the strongest improvement in business conditions since November 2014. The average reading for Q1 2017 so far (54.1) is up from 51.5 in Q4 2016 and the highest quarterly figure for over two years.
  • Canadian International Merchandise Trade: 8:30am

    Tuesday, April 04, 2017

    For: Feb

    Current Month:
    Canada's merchandise trade balance with the world posted a $972-million deficit in February. Exports were down 2.4% while imports edged up 0.6%.

    Previous Month:
    Canada's merchandise trade balance with the world posted a third consecutive monthly surplus, widening from $447 million in December to $807 million in January. Exports were up 0.5% while imports edged down 0.3%.
  • Building Permits: 8:30am

    Thursday, April 06, 2017

    For: Feb

    Current Month:
    Canadian municipalities issued $7.5 billion worth of building permits in February, down 2.5% from January.

    Previous Month:
    The value of building permits issued by Canadian municipalities rose 5.4% to $7.6 billion in January, following two consecutive monthly decreases.
  • Labour Force Survey: 8:30am

    Friday, April 07, 2017

    For: Mar

    Current Month:
    Employment was little changed in March (+19,000 or +0.1%), while the unemployment rate rose 0.1 percentage points to 6.7% as more people searched for work.

    Previous Month:
    Statistics Canada reported Friday that the economy added another 15,000 jobs in February, pushing the unemployment rate down to 6.6%
  • IVEY Purchasing Managers Index: 10:00am

    Friday, April 07, 2017

    For: Mar

    Current Month:
    The index ballooned to 61.1 in March from 55 in February and 50.1 in March 2016.

    Previous Month:
    The index registered at 55 last month, compared to 57.2 in January, and 53.4 in February 2016
  • Housing Starts: 8:15am

    Monday, April 10, 2017

    For: Mar

    Current Month:
    Canada Mortgage and Housing Corporation reported that the seasonally-adjusted annual rate of housing starts rose to 253,720 units in March, topping economists' forecasts for 215,000. February was revised slightly higher to 214,253 units.

    Previous Month:
    Canada Mortgage and Housing Corporation reported housing starts on pace during February to hit 204,669 units in Canada, whereas January saw them hitting 200,255 units
  • BoC rate announcement: 10:00am

    Wednesday, April 12, 2017

    For: ---

    Current Month:
    As expected, the Bank of Canada maintains an overnight rate target at 0.5%. The central bank also announced that the bank rate is correspondingly 0.75% and the deposit rate is 0.25%

    Previous Month:
    As expected, the Bank of Canada maintains an overnight rate target at 0.5%. The central bank also announced that the bank rate is correspondingly 0.75% and the deposit rate is 0.25%
  • Monthly Survey of Manufacturing: 8:30am

    Thursday, April 13, 2017

    For: Feb

    Current Month:
    Manufacturing sales edged down 0.2% in February to $53.6 billion, following three consecutive monthly increases.

    Previous Month:
    Manufacturing sales rose for the third consecutive month, up 0.6% to $53.8 billion in January.
  • New Housing Price Index: 8:30am

    Thursday, April 13, 2017

    For: Feb

    Current Month:
    The New Housing Price Index rose 0.4% in February compared with the previous month.

    Previous Month:
    The New Housing Price Index edged up 0.1% in January compared with the previous month.
  • Canada's International Transactions in Securities: 8:30am

    Tuesday, April 18, 2017

    For: Feb

    Current Month:
    Foreign investment in Canadian securities reached a record high $38.8 billion in February, led by the issuing of new Canadian shares to non-resident investors. At the same time, Canadian investors acquired $6.3 billion of foreign securities, mainly U.S. instruments.

    Previous Month:
    Foreign investment in Canadian securities slowed to $6.2 billion in January, down from $10.2 billion in December. At the same time, Canadian investors increased their holdings of foreign securities by $8.6 billion, led by purchases of U.S. instruments.
  • CREAstats - MLS Sales: 8:30am

    Tuesday, April 18, 2017

    For: Mar

    Current Month:
    The Canadian Real Estate Association reported re-sales of Canadian homes rose 1.1% in March from February and prices were up 18.6% from a year earlier as strong demand in Toronto offset cooling elsewhere.

    Previous Month:
    The Canadian Real Estate Association said national home sales rose 5.2% from January to February. Actual (not seasonally-adjusted) activity in February was down 2.6% from a year earlier.
  • Employment Insurance: 8:30am

    Thursday, April 20, 2017

    For: Feb

    Current Month:
    The number of regular Employment Insurance (EI) beneficiaries fell by 11,700 (-2.1%) to 554,200 in February over January

    Previous Month:
    In January, 567,900 people received Employment Insurance (EI) benefits, little changed from the previous month. In the 12 months to January, the number of EI beneficiaries in Canada was up by 20,300 or 3.7%, largely as a result of increases in Alberta.
  • Consumer Price Index: 8:30am

    Friday, April 21, 2017

    For: Mar

    Current Month:
    The Consumer Price Index rose 1.6% on a year-over-year basis in March, following a 2.0% increase in February. On a seasonally adjusted monthly basis, the Consumer Price Index was down 0.2% in March, after decreasing 0.3% in February.

    Previous Month:
    The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in February, following a 2.1% gain in January. Excluding gasoline, the CPI was up 1.3% year over year in February, following a 1.5% increase in January.
  • Wholesale Trade: 8:30am

    Monday, April 24, 2017

    For: Feb

    Current Month:
    Wholesale sales edged down 0.2% to $58.9 billion in February, following four consecutive monthly increases.

    Previous Month:
    Wholesale sales rose 3.3% to a record high $59.1 billion in January. This was the largest monthly percentage gain since November 2009
  • Retail Trade: 8:30am

    Wednesday, April 26, 2017

    For: Feb

    Current Month:
    Retail sales declined 0.6% to $47.8 billion in February, following a 2.3% increase in January.

    Previous Month:
    Retail sales rose 2.2% to $46.0 billion in January
  • Average Weekly Earnings

    Thursday, April 27, 2017

    For: Feb

    Current Month:
    Average weekly earnings of non-farm payroll employees were $968 in February, little changed from January and up 1.5% from 12 months earlier.

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $967 in January, little changed from December and up 1.8% from January 2016.
  • Industrial Product Price Index: 8:30am

    Friday, April 28, 2017

    For: Mar

    Current Month:
    The Industrial Product Price Index rose 0.8% in March, mainly due to higher prices for motorized and recreational vehicles and primary non-ferrous metal products.

    Previous Month:
    The Industrial Product Price Index edged up 0.1% in February, primarily due to higher prices for meat, fish and dairy products and primary non-ferrous metal products.
  • Raw Materials Price Index: 8:30am

    Friday, April 28, 2017

    For: Mar

    Current Month:
    The Raw Materials Price Index decreased 1.6%, primarily due to lower prices for crude energy products.

    Previous Month:
    The Raw Materials Price Index increased 1.2%, mainly as a result of higher prices for animals and animal products.
  • GDP: 8:30am

    Friday, April 28, 2017

    For: Feb

    Current Month:
    Gross domestic product was unchanged in February following three months of growth.

    Previous Month:
    Gross domestic product grew 0.6% in January on the strength of widespread growth across both goods- and service-producing industries.