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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: 8:30amSeptCanadian international merchandise trade data for the September 2025 reference month will not be released today as originally planned.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.
Thursday, November 6, 2025IVEY Purchasing Managers Index: 10:00amOctThe index slumbered to 52.4 in October from 59.8 in September but remained above the 52 reading for October 2024.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: 8:30amOctEmployment increased by 67,000 (+0.3%) in October, the second consecutive monthly increase, and the employment rate rose 0.2 percentage points to 60.8%. The unemployment rate declined 0.2 percentage points to 6.9%.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: 8:30amSeptIn September, the total value of building permits issued in Canada increased $504.8 million (+4.5%) to $11.7 billion.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: 8:30amSeptWholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain) rose 0.6% in September.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, 2025Monthly Survey of Manufacturing: 8:30amSeptManufacturing sales rose 3.3% in September, driven by higher sales of transportation equipment and petroleum and coal products. On a quarterly basis, total sales rose 2.8% in the third quarter of 2025.Manufacturing sales decreased 1.0% in August, driven largely by lower sales in the transportation equipment and food subsectors.
Monday, November 17, 2025Canada's International Transactions in Securities: 8:30amSeptForeign investors added $31.3 billion of Canadian securities to their holdings in September, closing the third quarter with investments totalling $80.3 billion. Meanwhile, Canadian investors acquired $22.1 billion of foreign securities in September, for a total of $57.6 billion in the third quarter.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, 2025New Motor Vehicle Sales: 7:30amSeptIn September, 168,731 new motor vehicles were sold in Canada, up 1.2% from September 2024. 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%).
Monday, November 17, 2025CREA MLS Sales: 8:30amOctThe number of home sales recorded over Canadian MLS® Systems edged up 0.9% on a month-over-month basis in October 2025, marking six monthly gains in the last seven months. 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: 8:30amOctThe Consumer Price Index (CPI) rose 2.2% year over year in October, down from a 2.4% increase in September. On a seasonally adjusted monthly basis, the CPI rose 0.1% in October.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.
Tuesday, November 18, 2025Housing Starts: 8:15amOctThe seasonally adjusted annualized rate of housing starts dropped to 232,765 units from a revised 279,174 units in September, the Canada Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to fall to 265,000.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.
Thursday, November 20, 2025Industrial Product Price Index: 8:30amOctIn October, the index increased 1.5% month over month and gained 6.0% year over year.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: 8:30amOctThe index increased 1.6% month over month and rose 5.8% year over year.The index increased 1.7% month over month and rose 8.4% year over year.
Friday, November 21, 2025New Housing Price Index: 8:30amOctStatistics Canada reported its new housing price index slumped 0.4% in October, compared to a loss of 0.2% in the prior-year monthStatistics 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: 8:30amSeptRetail sales decreased 0.7% to $69.8 billion in September.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:
    Canadian international merchandise trade data for the September 2025 reference month will not be released today as originally planned.

    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

    Thursday, November 6, 2025

    For: Oct

    Current Month:
    The index slumbered to 52.4 in October from 59.8 in September but remained above the 52 reading for October 2024.

    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:
    Employment increased by 67,000 (+0.3%) in October, the second consecutive monthly increase, and the employment rate rose 0.2 percentage points to 60.8%. The unemployment rate declined 0.2 percentage points to 6.9%.

    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:
    In September, the total value of building permits issued in Canada increased $504.8 million (+4.5%) to $11.7 billion.

    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:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain) rose 0.6% in September.

    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.
  • Monthly Survey of Manufacturing: 8:30am

    Friday, November 14, 2025

    For: Sept

    Current Month:
    Manufacturing sales rose 3.3% in September, driven by higher sales of transportation equipment and petroleum and coal products. On a quarterly basis, total sales rose 2.8% in the third quarter of 2025.

    Previous Month:
    Manufacturing sales decreased 1.0% in August, driven largely by lower sales in the transportation equipment and food subsectors.
  • Canada's International Transactions in Securities: 8:30am

    Monday, November 17, 2025

    For: Sept

    Current Month:
    Foreign investors added $31.3 billion of Canadian securities to their holdings in September, closing the third quarter with investments totalling $80.3 billion. Meanwhile, Canadian investors acquired $22.1 billion of foreign securities in September, for a total of $57.6 billion in the third quarter.

    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
  • New Motor Vehicle Sales: 7:30am

    Monday, November 17, 2025

    For: Sept

    Current Month:
    In September, 168,731 new motor vehicles were sold in Canada, up 1.2% from September 2024.

    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%).
  • CREA MLS Sales: 8:30am

    Monday, November 17, 2025

    For: Oct

    Current Month:
    The number of home sales recorded over Canadian MLS® Systems edged up 0.9% on a month-over-month basis in October 2025, marking six monthly gains in the last seven months.

    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:
    The Consumer Price Index (CPI) rose 2.2% year over year in October, down from a 2.4% increase in September. On a seasonally adjusted monthly basis, the CPI rose 0.1% in October.

    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.
  • Housing Starts: 8:15am

    Tuesday, November 18, 2025

    For: Oct

    Current Month:
    The seasonally adjusted annualized rate of housing starts dropped to 232,765 units from a revised 279,174 units in September, the Canada Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to fall to 265,000.

    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.
  • Industrial Product Price Index: 8:30am

    Thursday, November 20, 2025

    For: Oct

    Current Month:
    In October, the index increased 1.5% month over month and gained 6.0% year over year.

    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:
    The index increased 1.6% month over month and rose 5.8% year over year.

    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:
    Statistics Canada reported its new housing price index slumped 0.4% in October, compared to a loss of 0.2% in the prior-year 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:
    Retail sales decreased 0.7% to $69.8 billion in September.

    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.