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Canadian Economic Calendar - September 2024

DateStatisticForCurrent MonthPrevious Month
Tuesday, September 3, 2024Markit Canada Manufacturing PMI 9:30 a.m. AugThe PMI registered below the critical 50.0 no-change mark during August for a 16th successive month. Canada Manufacturing Sector PMI Falls to 47.8 in July With Decline in Production.
Wednesday, September 4, 2024BoC Interest Rate Decision: 10:00amSeptThe central bank lowered its trendsetting rate to 4.25%, delivering its third straight cutThe Bank of Canada today reduced its target for the overnight rate to 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4.5%. The Bank is continuing its policy of balance sheet normalization.
Wednesday, September 4, 2024Canadian International Merchandise Trade: 8:30amJulyIn July, Canada's merchandise imports decreased 1.7%, while exports fell 0.4%. Consequently, Canada's merchandise trade balance with the world moved from a revised deficit of $179 million in June to a surplus of $684 million in July.In June, Canada's merchandise exports increased 5.5%, while imports rose 1.9%. Consequently, after three consecutive monthly deficits, Canada's merchandise trade balance with the world moved from a deficit of $1.6 billion in May to a surplus of $638 million in June.
Friday, September 6, 2024Labour Force Survey: 8:30amAugEmployment was little changed in August (+22,000; +0.1%) while the employment rate decreased 0.1 percentage points to 60.8%. The unemployment rate rose 0.2 percentage points to 6.6%.Employment was little changed in July (-2,800; -0.0%), while the unemployment rate was unchanged at 6.4%.
Friday, September 6, 2024IVEY Purchasing Managers Index: 10:00amAugThe index registered at 48.2 in August, much lower than the 57.6 figure the month before and well below the 53.5 in August 2023.The index tailed off to 57.6 in July from 62.5 in June and 48.6 in July 2023. A reading above 50 indicates an increase in activity.
Thursday, September 12, 2024Building Permits: 8:30amJulyMonth over month, the total value of building permits in Canada surged 22.1% to $12.4 billion in July.The total monthly value of building permits in Canada decreased 13.9% to $9.9 billion in June.
Friday, September 13, 2024Wholesale Trade: 8:30amJulyWholesale sales grew 0.4% to $82.7 billion in July.Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 0.6% to $82.4 billion in June.
Monday, September 16, 2024New Motor Vehicle Sales: 7:30amJuly---Motor vehicle sales paled to 168,000 last month from 184,700 the previous month.
Monday, September 16, 2024CREAstats - MLS Sales: 8:30amAug---Home sales activity recorded over Canadian MLS® Systems edged back by 0.7% on a month-over-month basis in July 2024, giving back a small portion of June’s post-first rate cut gain.
Monday, September 16, 2024Monthly Survey of Manufacturing: 8:30amJuly---Manufacturing sales declined 2.1% in June, mainly on lower sales of transportation equipment, chemicals, and primary metals.
Tuesday, September 17, 2024Housing Starts: 8:15amAug---Housing starts zoomed to 279,000 in July from 241,000 in June.
Tuesday, September 17, 2024Consumer Price Index: 8:30amAug---The Consumer Price Index (CPI) rose 2.5% on a year-over-year basis in July, down from a 2.7% increase in June. On a seasonally adjusted monthly basis, the CPI rose 0.3% in July.
Wednesday, September 18, 2024Canada's International Transactions in Securities: 8:30amJuly---Canadian investors increased their exposure to foreign securities by $16.4 billion in June, mainly in US shares. Meanwhile, foreign acquisitions of Canadian securities slowed to $5.2 billion in June, down from significant investments in the previous two months.
Friday, September 20, 2024Retail Trade: 8:30amJuly---Retail sales decreased 0.3% to $65.7 billion in June. Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealers.
Friday, September 20, 2024New Housing Price Index: 8:30amAug---The national index edged up by 0.2% month over month in July. Prices were up in 10 of the 27 census metropolitan areas (CMAs) surveyed, while they were unchanged in 13 and declined in the remaining 4 CMAs.
Friday, September 20, 2024Industrial Product Price Index: 8:30amAug---The Industrial Product Price Index was unchanged month over month in July and rose 2.9% on a yearly basis.
Friday, September 20, 2024Raw Materials Price Index: 8:30amAug---The Raw Materials Price Index rose 0.7% month over month in July and increased 4.1% year over year.
Thursday, September 26, 2024Payroll Employment, Earnings and Hours: 8:30amJuly---The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—decreased by 47,300 (-0.3%) in June.
Friday, September 27, 2024GDP: 8:30amJuly---Real gross domestic product (GDP) increased 0.5% in the second quarter after rising 0.4% in the first quarter. On a per capita basis, GDP fell 0.1% in the second quarter, the fifth consecutive quarterly decline.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Tuesday, September 3, 2024

    For: Aug

    Current Month:
    The PMI registered below the critical 50.0 no-change mark during August for a 16th successive month.

    Previous Month:
    Canada Manufacturing Sector PMI Falls to 47.8 in July With Decline in Production.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, September 4, 2024

    For: Sept

    Current Month:
    The central bank lowered its trendsetting rate to 4.25%, delivering its third straight cut

    Previous Month:
    The Bank of Canada today reduced its target for the overnight rate to 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4.5%. The Bank is continuing its policy of balance sheet normalization.
  • Canadian International Merchandise Trade: 8:30am

    Wednesday, September 4, 2024

    For: July

    Current Month:
    In July, Canada's merchandise imports decreased 1.7%, while exports fell 0.4%. Consequently, Canada's merchandise trade balance with the world moved from a revised deficit of $179 million in June to a surplus of $684 million in July.

    Previous Month:
    In June, Canada's merchandise exports increased 5.5%, while imports rose 1.9%. Consequently, after three consecutive monthly deficits, Canada's merchandise trade balance with the world moved from a deficit of $1.6 billion in May to a surplus of $638 million in June.
  • Labour Force Survey: 8:30am

    Friday, September 6, 2024

    For: Aug

    Current Month:
    Employment was little changed in August (+22,000; +0.1%) while the employment rate decreased 0.1 percentage points to 60.8%. The unemployment rate rose 0.2 percentage points to 6.6%.

    Previous Month:
    Employment was little changed in July (-2,800; -0.0%), while the unemployment rate was unchanged at 6.4%.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, September 6, 2024

    For: Aug

    Current Month:
    The index registered at 48.2 in August, much lower than the 57.6 figure the month before and well below the 53.5 in August 2023.

    Previous Month:
    The index tailed off to 57.6 in July from 62.5 in June and 48.6 in July 2023. A reading above 50 indicates an increase in activity.
  • Building Permits: 8:30am

    Thursday, September 12, 2024

    For: July

    Current Month:
    Month over month, the total value of building permits in Canada surged 22.1% to $12.4 billion in July.

    Previous Month:
    The total monthly value of building permits in Canada decreased 13.9% to $9.9 billion in June.
  • Wholesale Trade: 8:30am

    Friday, September 13, 2024

    For: July

    Current Month:
    Wholesale sales grew 0.4% to $82.7 billion in July.

    Previous Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 0.6% to $82.4 billion in June.
  • New Motor Vehicle Sales: 7:30am

    Monday, September 16, 2024

    For: July

    Current Month:
    ---

    Previous Month:
    Motor vehicle sales paled to 168,000 last month from 184,700 the previous month.
  • CREAstats - MLS Sales: 8:30am

    Monday, September 16, 2024

    For: Aug

    Current Month:
    ---

    Previous Month:
    Home sales activity recorded over Canadian MLS® Systems edged back by 0.7% on a month-over-month basis in July 2024, giving back a small portion of June’s post-first rate cut gain.
  • Monthly Survey of Manufacturing: 8:30am

    Monday, September 16, 2024

    For: July

    Current Month:
    ---

    Previous Month:
    Manufacturing sales declined 2.1% in June, mainly on lower sales of transportation equipment, chemicals, and primary metals.
  • Housing Starts: 8:15am

    Tuesday, September 17, 2024

    For: Aug

    Current Month:
    ---

    Previous Month:
    Housing starts zoomed to 279,000 in July from 241,000 in June.
  • Consumer Price Index: 8:30am

    Tuesday, September 17, 2024

    For: Aug

    Current Month:
    ---

    Previous Month:
    The Consumer Price Index (CPI) rose 2.5% on a year-over-year basis in July, down from a 2.7% increase in June. On a seasonally adjusted monthly basis, the CPI rose 0.3% in July.
  • Canada's International Transactions in Securities: 8:30am

    Wednesday, September 18, 2024

    For: July

    Current Month:
    ---

    Previous Month:
    Canadian investors increased their exposure to foreign securities by $16.4 billion in June, mainly in US shares. Meanwhile, foreign acquisitions of Canadian securities slowed to $5.2 billion in June, down from significant investments in the previous two months.
  • Retail Trade: 8:30am

    Friday, September 20, 2024

    For: July

    Current Month:
    ---

    Previous Month:
    Retail sales decreased 0.3% to $65.7 billion in June. Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealers.
  • New Housing Price Index: 8:30am

    Friday, September 20, 2024

    For: Aug

    Current Month:
    ---

    Previous Month:
    The national index edged up by 0.2% month over month in July. Prices were up in 10 of the 27 census metropolitan areas (CMAs) surveyed, while they were unchanged in 13 and declined in the remaining 4 CMAs.
  • Industrial Product Price Index: 8:30am

    Friday, September 20, 2024

    For: Aug

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index was unchanged month over month in July and rose 2.9% on a yearly basis.
  • Raw Materials Price Index: 8:30am

    Friday, September 20, 2024

    For: Aug

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index rose 0.7% month over month in July and increased 4.1% year over year.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, September 26, 2024

    For: July

    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—decreased by 47,300 (-0.3%) in June.
  • GDP: 8:30am

    Friday, September 27, 2024

    For: July

    Current Month:
    ---

    Previous Month:
    Real gross domestic product (GDP) increased 0.5% in the second quarter after rising 0.4% in the first quarter. On a per capita basis, GDP fell 0.1% in the second quarter, the fifth consecutive quarterly decline.