Canadian Economic Calendar - July 2017

DateStatisticForCurrent MonthPrevious Month
Tuesday, July 04, 2017Markit Canada Manufacturing PMI: 9:30amJuneThe Markit Canada Manufacturing index fell to 54.7 vs 55.1. A reading above 50 is expansionary.The seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index posted 55.1 in May, down only slightly from April’s six-year peak of 55.9. As a result, the average reading for the second quarter of 2017 so far (55.5) points to the strongest improvement in business conditions since Q1 2011. The headline index has registered above the 50.0 no-change value in each month since March 2016.
Thursday, July 06, 2017Building Permits: 8:30amMayCanadian municipalities issued $7.7 billion worth of building permits in May, up 8.9% from April and the third highest value on record. Canadian municipalities issued $7.1 billion worth of building permits in April, down 0.2% from March, a third consecutive monthly decrease
Thursday, July 06, 2017Canadian International Merchandise Trade: 8:30amMayCanada's merchandise trade deficit with the world reached $1.1 billion in May, up from a $552 million deficit in April. Imports rose 2.4% and exports were up 1.3%.Canada's merchandise trade balance with the world narrowed to a $370 million deficit in April. Exports rose 1.8% while imports were up 0.6%.
Friday, July 07, 2017Labour Force Survey: 8:30amJuneEmployment rose by 45,000 in June, mostly in part-time work. The unemployment rate was 6.5%, down 0.1 percentage points from the previous month.Employment rose by 55,000 in May, spurred by an increase in full-time work (+77,000). At the same time, the unemployment rate rose by 0.1 percentage points to 6.6%, the result of more people participating in the labour market.
Friday, July 07, 2017IVEY Purchasing Managers Index: 10:00amJuneThe index ballooned to 61.6 for June from 53.8 in May, and 51.7 in June 2016. The index shrank to 53.4 in May, compared to 62.4 in April and 49.4 in May 2016
Tuesday, July 11, 2017Housing Starts: 8:15amJuneCanada Mortgage and Housing Corp. says the annual pace of housing starts in Canada picked up in June. The seasonally adjusted annual rate of housing starts in June came in at 212,695 units, up from 194,955 units in May. Economists had expected the annual rate to come in at 200,000. The trend in housing starts was 214,621 units in May, compared to 213,435 units in April
Wednesday, July 12, 2017BoC rate announcment: 10:00amJulyThe Bank of Canada has hiked its benchmark interest rate to 0.75% from 0.5%, its first increase in nearly seven years.---
Thursday, July 13, 2017New Housing Price Index: 8:30amMayThe index soared 0.7% in May, due largely to price jumps in Toronto and Vancouver Buyers of new homes in Canada saw prices rise 0.8% in April, the largest monthly increase since May 2016.
Monday, July 17, 2017Canada's International Transactions in Securities: 8:30amMayForeign investment in Canadian securities amounted to $29.5 billion in May, mainly purchases of government debt instruments. At the same time, Canadian investors increased their holdings of foreign securities by $4.4 billion, led by investments in U.S. debt instruments.Foreign investment in Canadian securities totaled $10.6 billion in April, mainly acquisitions of government debt instruments. At the same time, Canadian investors reduced their holdings of foreign securities by $9.9 billion, the largest divestment since January 2016.
Monday, July 17, 2017CREAstats - MLS Sales: 8:30amJuneThe Canadian Real Estate Association said the resale of Canadian homes fell 6.7% in June from May, the largest monthly drop since 2010 and the third straight monthly decline as sales in Toronto plungedThe Canadian Real Estate Association said re-sales of Canadian homes dropped 6.2% in May from April as Toronto sales plunged 25.3%. CREA said new housing policy changes sideswiped demand and new listings rose again
Wednesday, July 19, 2017Monthly Survey of Manufacturing: 8:30amMayManufacturing sales increased for the third consecutive month, up 1.1% to $54.6 billion in May. Manufacturing sales rose 1.1% to a record high $54.4 billion in April, mainly due to higher sales in the petroleum and coal product, and primary metal industries.
Thursday, July 20, 2017Employment Insurance: 8:30amMayIn May, 525,300 people received regular Employment Insurance benefits, down 12,800, or 2.4%, from April. The number of regular Employment Insurance beneficiaries fell by 7,000, or 1.3%, to 541,200 in April, a sixth consecutive monthly decline.
Friday, July 21, 2017Consumer Price Index: 8:30amJune---The Consumer Price Index rose 1.3% on a year-over-year basis in May, following a 1.6% increase in April. On a seasonally adjusted monthly basis, CPI was down 0.2% in May, after increasing 0.4% in April.
Friday, July 21, 2017Retail Trade: 8:30amMay---Retail sales rose 0.8% to $48.6 billion in April. Sales were up in nine of 11 sub-sectors, representing 71% of total retail trade
Monday, July 24, 2017Wholesale Trade: 8:30amMay---Wholesale sales increased 1.0% to $61.0 billion in April, a seventh consecutive monthly advance.
Thursday, July 27, 2017Average Weekly Earnings May---Average weekly earnings of non-farm payroll employees were $971 in April, little changed from March. Compared with April 2016, earnings were up 2.0%, with most of the increase occurring in the last two months of 2016.
Friday, July 28, 2017GDP: 8:30amMay---After increasing 0.5% in March, real gross domestic product rose 0.2% in April as 14 out of 20 sectors grew.
Monday, July 31, 2017Industrial Product Price Index: 8:30amJune---The Industrial Product Price Index declined 0.2% in May, mainly due to lower prices for energy and petroleum products
Monday, July 31, 2017Raw Materials Price Index: 8:30amJune---The Raw Materials Price Index fell 1.8%, primarily due to lower prices for crude energy products.

  • Markit Canada Manufacturing PMI: 9:30am

    Tuesday, July 04, 2017

    For: June

    Current Month:
    The Markit Canada Manufacturing index fell to 54.7 vs 55.1. A reading above 50 is expansionary.

    Previous Month:
    The seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index posted 55.1 in May, down only slightly from April’s six-year peak of 55.9. As a result, the average reading for the second quarter of 2017 so far (55.5) points to the strongest improvement in business conditions since Q1 2011. The headline index has registered above the 50.0 no-change value in each month since March 2016.

  • Building Permits: 8:30am

    Thursday, July 06, 2017

    For: May

    Current Month:
    Canadian municipalities issued $7.7 billion worth of building permits in May, up 8.9% from April and the third highest value on record.

    Previous Month:
    Canadian municipalities issued $7.1 billion worth of building permits in April, down 0.2% from March, a third consecutive monthly decrease

  • Canadian International Merchandise Trade: 8:30am

    Thursday, July 06, 2017

    For: May

    Current Month:
    Canada's merchandise trade deficit with the world reached $1.1 billion in May, up from a $552 million deficit in April. Imports rose 2.4% and exports were up 1.3%.

    Previous Month:
    Canada's merchandise trade balance with the world narrowed to a $370 million deficit in April. Exports rose 1.8% while imports were up 0.6%.

  • Labour Force Survey: 8:30am

    Friday, July 07, 2017

    For: June

    Current Month:
    Employment rose by 45,000 in June, mostly in part-time work. The unemployment rate was 6.5%, down 0.1 percentage points from the previous month.

    Previous Month:
    Employment rose by 55,000 in May, spurred by an increase in full-time work (+77,000). At the same time, the unemployment rate rose by 0.1 percentage points to 6.6%, the result of more people participating in the labour market.

  • IVEY Purchasing Managers Index: 10:00am

    Friday, July 07, 2017

    For: June

    Current Month:
    The index ballooned to 61.6 for June from 53.8 in May, and 51.7 in June 2016.

    Previous Month:
    The index shrank to 53.4 in May, compared to 62.4 in April and 49.4 in May 2016

  • Housing Starts: 8:15am

    Tuesday, July 11, 2017

    For: June

    Current Month:
    Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada picked up in June. The seasonally adjusted annual rate of housing starts in June came in at 212,695 units, up from 194,955 units in May. Economists had expected the annual rate to come in at 200,000.

    Previous Month:
    The trend in housing starts was 214,621 units in May, compared to 213,435 units in April

  • BoC rate announcment: 10:00am

    Wednesday, July 12, 2017

    For: July

    Current Month:
    The Bank of Canada has hiked its benchmark interest rate to 0.75% from 0.5%, its first increase in nearly seven years.

    Previous Month:
    ---

  • New Housing Price Index: 8:30am

    Thursday, July 13, 2017

    For: May

    Current Month:
    The index soared 0.7% in May, due largely to price jumps in Toronto and Vancouver

    Previous Month:
    Buyers of new homes in Canada saw prices rise 0.8% in April, the largest monthly increase since May 2016.

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

    Monday, July 17, 2017

    For: May

    Current Month:
    Foreign investment in Canadian securities amounted to $29.5 billion in May, mainly purchases of government debt instruments. At the same time, Canadian investors increased their holdings of foreign securities by $4.4 billion, led by investments in U.S. debt instruments.

    Previous Month:
    Foreign investment in Canadian securities totaled $10.6 billion in April, mainly acquisitions of government debt instruments. At the same time, Canadian investors reduced their holdings of foreign securities by $9.9 billion, the largest divestment since January 2016.

  • CREAstats - MLS Sales: 8:30am

    Monday, July 17, 2017

    For: June

    Current Month:
    The Canadian Real Estate Association said the resale of Canadian homes fell 6.7% in June from May, the largest monthly drop since 2010 and the third straight monthly decline as sales in Toronto plunged

    Previous Month:
    The Canadian Real Estate Association said re-sales of Canadian homes dropped 6.2% in May from April as Toronto sales plunged 25.3%. CREA said new housing policy changes sideswiped demand and new listings rose again

  • Monthly Survey of Manufacturing: 8:30am

    Wednesday, July 19, 2017

    For: May

    Current Month:
    Manufacturing sales increased for the third consecutive month, up 1.1% to $54.6 billion in May.

    Previous Month:
    Manufacturing sales rose 1.1% to a record high $54.4 billion in April, mainly due to higher sales in the petroleum and coal product, and primary metal industries.

  • Employment Insurance: 8:30am

    Thursday, July 20, 2017

    For: May

    Current Month:
    In May, 525,300 people received regular Employment Insurance benefits, down 12,800, or 2.4%, from April.

    Previous Month:
    The number of regular Employment Insurance beneficiaries fell by 7,000, or 1.3%, to 541,200 in April, a sixth consecutive monthly decline.

  • Consumer Price Index: 8:30am

    Friday, July 21, 2017

    For: June

    Current Month:
    ---

    Previous Month:
    The Consumer Price Index rose 1.3% on a year-over-year basis in May, following a 1.6% increase in April. On a seasonally adjusted monthly basis, CPI was down 0.2% in May, after increasing 0.4% in April.

  • Retail Trade: 8:30am

    Friday, July 21, 2017

    For: May

    Current Month:
    ---

    Previous Month:
    Retail sales rose 0.8% to $48.6 billion in April. Sales were up in nine of 11 sub-sectors, representing 71% of total retail trade

  • Wholesale Trade: 8:30am

    Monday, July 24, 2017

    For: May

    Current Month:
    ---

    Previous Month:
    Wholesale sales increased 1.0% to $61.0 billion in April, a seventh consecutive monthly advance.

  • Average Weekly Earnings

    Thursday, July 27, 2017

    For: May

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $971 in April, little changed from March. Compared with April 2016, earnings were up 2.0%, with most of the increase occurring in the last two months of 2016.

  • GDP: 8:30am

    Friday, July 28, 2017

    For: May

    Current Month:
    ---

    Previous Month:
    After increasing 0.5% in March, real gross domestic product rose 0.2% in April as 14 out of 20 sectors grew.

  • Industrial Product Price Index: 8:30am

    Monday, July 31, 2017

    For: June

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index declined 0.2% in May, mainly due to lower prices for energy and petroleum products

  • Raw Materials Price Index: 8:30am

    Monday, July 31, 2017

    For: June

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index fell 1.8%, primarily due to lower prices for crude energy products.