Canadian Economic Calendar - March 2021

DateStatisticForCurrent MonthPrevious Month
Monday, March 1, 2021Markit Canada Manufacturing PMI: 9:30 amFebThe headline seasonally-adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index registered 54.4 in January, down sharply from 57.9 in December.The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) registered 54.4 in January, down sharply from 57.9 in December.
Tuesday, March 2, 2021GDP: 8:30amDecReal gross domestic product edged up 0.1% in December as 12 of 20 industrial sectors were up in the month.Real gross domestic product grew 0.7% in November as 14 of 20 industrial sectors were up in the month.
Wednesday, March 3, 2021Building Permits: 8:30amJanPermits rose rising 8.2% to $9.9 billion and surpassing the previous record of $9.6 billion set in April 2019. These gains were driven primarily by the residential sector.The total value of building permits decreased 4.1% to $9.1 billion in December, following a month during which several high value permits were issued.
Friday, March 5, 2021IVEY Purchasing Managers Index: 10:00amFeb---The index gained ground to 48.4 from December's 46.7, but was down from the 57.3 figure in January 2020.
Friday, March 5, 2021Canadian International Merchandise Trade: 8:30amJan---In December, Canada's merchandise exports rose 1.5%, while imports fell 2.3%. As a result, Canada's merchandise trade deficit with the world narrowed from $3.6 billion in November to $1.7 billion in December, the lowest deficit since June 2020.
Wednesday, March 10, 2021BoC Interest Rate Decision: 10:00amMar---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%
Friday, March 12, 2021Wholesale Trade: 8:30amJan---Wholesale sales fell 1.3% in December to $66.5 billion, the first decline after seven consecutive increases.
Friday, March 12, 2021Labour Force Survey: 8:30amFeb---Employment fell by 213,000 (-1.2%) in January. Losses were entirely in part-time work and were concentrated in the Quebec and Ontario retail trade sectors.
Monday, March 15, 2021Housing Starts: 8:15amFeb---The trend in housing starts was 244,963 units in January 2021, up from 238,747 units in December 2020. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts.
Monday, March 15, 2021Monthly Survey of Manufacturing: 8:30amJan---Manufacturing sales bounced back in December following a 0.4% decline in November, rising 0.9% to $54.2 billion on higher sales in the wood product, transportation equipment, and petroleum and coal product industries.
Tuesday, March 16, 2021CREAstats - MLS Sales: 8:30amFeb---Home sales recorded over Canadian MLS® Systems climbed 2% between December 2020 and January 2021 to set another new all-time record. for 583,635 home sales this year.
Tuesday, March 16, 2021Canada's International Transactions in Securities: 8:30amJan---Canadian investors acquired an unprecedented $26.9 billion of foreign securities in December, largely purchases of US shares. Meanwhile, non-residents added $5.1 billion of Canadian securities to their holdings, the lowest investment in three months.
Wednesday, March 17, 2021Consumer Price Index: 8:30amFeb---CPI rose 1.0% on a year-over-year basis in January, up from a 0.7% increase in December. On a seasonally adjusted monthly basis, the CPI rose 0.4% in January.
Thursday, March 18, 2021New Housing Price Index: 8:30amFeb---New home prices rose at their fastest pace since October, increasing 0.7% nationally in January.
Friday, March 19, 2021Retail Trade: 8:30amJan---Retail sales posted their largest decline since the low of April driven by the COVID-19 pandemic, decreasing 3.4% to $53.4 billion in December.
Tuesday, March 30, 2021Payroll Employment, Earnings and Hours: 8:30amJan---Average weekly earnings were $1,112 in December, little changed compared with November.
Wednesday, March 31, 2021Industrial Product Price Index: 8:30amFeb---The index rose 2.0% in January, mainly as a result of higher prices for lumber and other wood products, as well as energy and petroleum products.
Wednesday, March 31, 2021Raw Materials Price Index: 8:30amFeb---The index was up 5.7%, driven primarily by higher prices for crude energy products.

  • Markit Canada Manufacturing PMI: 9:30 am

    Monday, March 1, 2021

    For: Feb

    Current Month:
    The headline seasonally-adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index registered 54.4 in January, down sharply from 57.9 in December.

    Previous Month:
    The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) registered 54.4 in January, down sharply from 57.9 in December.

  • GDP: 8:30am

    Tuesday, March 2, 2021

    For: Dec

    Current Month:
    Real gross domestic product edged up 0.1% in December as 12 of 20 industrial sectors were up in the month.

    Previous Month:
    Real gross domestic product grew 0.7% in November as 14 of 20 industrial sectors were up in the month.

  • Building Permits: 8:30am

    Wednesday, March 3, 2021

    For: Jan

    Current Month:
    Permits rose rising 8.2% to $9.9 billion and surpassing the previous record of $9.6 billion set in April 2019. These gains were driven primarily by the residential sector.

    Previous Month:
    The total value of building permits decreased 4.1% to $9.1 billion in December, following a month during which several high value permits were issued.

  • IVEY Purchasing Managers Index: 10:00am

    Friday, March 5, 2021

    For: Feb

    Current Month:
    ---

    Previous Month:
    The index gained ground to 48.4 from December's 46.7, but was down from the 57.3 figure in January 2020.

  • Canadian International Merchandise Trade: 8:30am

    Friday, March 5, 2021

    For: Jan

    Current Month:
    ---

    Previous Month:
    In December, Canada's merchandise exports rose 1.5%, while imports fell 2.3%. As a result, Canada's merchandise trade deficit with the world narrowed from $3.6 billion in November to $1.7 billion in December, the lowest deficit since June 2020.

  • BoC Interest Rate Decision: 10:00am

    Wednesday, March 10, 2021

    For: Mar

    Current Month:
    ---

    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% and the deposit rate at 0.25%

  • Wholesale Trade: 8:30am

    Friday, March 12, 2021

    For: Jan

    Current Month:
    ---

    Previous Month:
    Wholesale sales fell 1.3% in December to $66.5 billion, the first decline after seven consecutive increases.

  • Labour Force Survey: 8:30am

    Friday, March 12, 2021

    For: Feb

    Current Month:
    ---

    Previous Month:
    Employment fell by 213,000 (-1.2%) in January. Losses were entirely in part-time work and were concentrated in the Quebec and Ontario retail trade sectors.

  • Housing Starts: 8:15am

    Monday, March 15, 2021

    For: Feb

    Current Month:
    ---

    Previous Month:
    The trend in housing starts was 244,963 units in January 2021, up from 238,747 units in December 2020. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts.

  • Monthly Survey of Manufacturing: 8:30am

    Monday, March 15, 2021

    For: Jan

    Current Month:
    ---

    Previous Month:
    Manufacturing sales bounced back in December following a 0.4% decline in November, rising 0.9% to $54.2 billion on higher sales in the wood product, transportation equipment, and petroleum and coal product industries.

  • CREAstats - MLS Sales: 8:30am

    Tuesday, March 16, 2021

    For: Feb

    Current Month:
    ---

    Previous Month:
    Home sales recorded over Canadian MLS® Systems climbed 2% between December 2020 and January 2021 to set another new all-time record. for 583,635 home sales this year.

  • Canada's International Transactions in Securities: 8:30am

    Tuesday, March 16, 2021

    For: Jan

    Current Month:
    ---

    Previous Month:
    Canadian investors acquired an unprecedented $26.9 billion of foreign securities in December, largely purchases of US shares. Meanwhile, non-residents added $5.1 billion of Canadian securities to their holdings, the lowest investment in three months.

  • Consumer Price Index: 8:30am

    Wednesday, March 17, 2021

    For: Feb

    Current Month:
    ---

    Previous Month:
    CPI rose 1.0% on a year-over-year basis in January, up from a 0.7% increase in December. On a seasonally adjusted monthly basis, the CPI rose 0.4% in January.

  • New Housing Price Index: 8:30am

    Thursday, March 18, 2021

    For: Feb

    Current Month:
    ---

    Previous Month:
    New home prices rose at their fastest pace since October, increasing 0.7% nationally in January.

  • Retail Trade: 8:30am

    Friday, March 19, 2021

    For: Jan

    Current Month:
    ---

    Previous Month:
    Retail sales posted their largest decline since the low of April driven by the COVID-19 pandemic, decreasing 3.4% to $53.4 billion in December.

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

    Tuesday, March 30, 2021

    For: Jan

    Current Month:
    ---

    Previous Month:
    Average weekly earnings were $1,112 in December, little changed compared with November.

  • Industrial Product Price Index: 8:30am

    Wednesday, March 31, 2021

    For: Feb

    Current Month:
    ---

    Previous Month:
    The index rose 2.0% in January, mainly as a result of higher prices for lumber and other wood products, as well as energy and petroleum products.

  • Raw Materials Price Index: 8:30am

    Wednesday, March 31, 2021

    For: Feb

    Current Month:
    ---

    Previous Month:
    The index was up 5.7%, driven primarily by higher prices for crude energy products.