Canadian Economic Calendar - March 2017

DateStatisticForCurrent MonthPrevious Month
Wednesday, March 01, 2017Markit Canada Manufacturing PMI: 9:30amFebAt 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. The seasonally-adjusted Markit Canada Manufacturing Purchasing Managers’ Index registered 53.5 in January, up from 51.8 in December and above the neutral 50.0 threshold for the 11th consecutive month.
Wednesday, March 01, 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%---
Thursday, March 02, 2017GDP: 8:30amDecReal gross domestic product rose 0.6% in the fourth quarter, following a 0.9% increase in the third quarter. GDP grew 0.3% in December.Real gross domestic product rose for the fifth time in six months, up 0.4% in November
Tuesday, March 07, 2017IVEY Purchasing Managers Index: 10:00amFebThe index registered at 55 last month, compared to 57.2 in January, and 53.4 in February 2016 The Ivey Purchasing Managers Index (PMI) hit 57.2 in January, down from the 60.8 figure in December, and 66 in January 2016.
Tuesday, March 07, 2017Canadian International Merchandise Trade: 8:30amJanCanada'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%.Canada's merchandise trade balance with the world recorded its second consecutive monthly surplus, narrowing from a revised $1.0 billion in November to $923 million in December. Exports were up 0.8% while imports increased 1.0%.
Wednesday, March 08, 2017Housing Starts: 8:15amFebCanada 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 unitsCanada Mortgage and Housing Corporation's trend measure of housing starts in Canada was 199,834 units in January compared to 197,881 in December
Wednesday, March 08, 2017Building Permits: 8:30amJanThe value of building permits issued by Canadian municipalities rose 5.4% to $7.6 billion in January, following two consecutive monthly decreases.Municipalities issued $7.2 billion worth of building permits in December, down 6.6% from November.
Thursday, March 09, 2017New Housing Price Index: 8:30amJanThe New Housing Price Index edged up 0.1% in January compared with the previous month.The New Housing Price Index edged up 0.1% in December compared with the previous month, largely reflecting price increases in Ontario and Alberta.
Friday, March 10, 2017Labour Force Survey: 8:30amFebStatistics Canada reported Friday that the economy added another 15,000 jobs in February, pushing the unemployment rate down to 6.6%Employment rose by 48,000 (+0.3%) in January, building on gains observed in the latter part of 2016. The unemployment rate fell by 0.1 percentage points to 6.8%.
Wednesday, March 15, 2017CREAstats - MLS Sales: 8:30amFebThe 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.The Canadian Real Estate Association said national home sales declined 1.3% from December 2016 to January 2017. Actual (not seasonally-adjusted) activity in January was up 1.9% from a year earlier.
Thursday, March 16, 2017Canada's International Transactions in Securities: 8:30amJanForeign 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.Foreign investment in Canadian securities reached $10.2 billion in December, largely through acquisitions of shares. At the same time, Canadian investors increased their holdings of foreign securities by $6.7 billion, led by purchases of non-U.S. foreign shares.
Friday, March 17, 2017Monthly Survey of Manufacturing: 8:30amJanManufacturing sales rose for the third consecutive month, up 0.6% to $53.8 billion in January. Manufacturing sales increased for the second consecutive month, up 2.3% to $53.5 billion in December, following a revised increase of 2.3% in November
Monday, March 20, 2017Wholesale Trade: 8:30amJanWholesale sales rose 3.3% to a record high $59.1 billion in January. This was the largest monthly percentage gain since November 2009Wholesale sales rose 0.7% to $57.3 billion in December, a third consecutive gain.
Tuesday, March 21, 2017Retail Trade: 8:30amJanRetail sales rose 2.2% to $46.0 billion in JanuaryFollowing four consecutive monthly increases, retail sales decreased 0.5% in December.
Thursday, March 23, 2017Employment Insurance: 8:30amJanIn 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.In December, 568,800 people received regular Employment Insurance benefits, down 3,200 or 0.6% from the previous month.
Friday, March 24, 2017Consumer Price Index: 8:30amFebThe 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.The Consumer Price Index rose 2.1% on a year-over-year basis in January, following a 1.5% increase in December. On a seasonally-adjusted monthly basis, CPI was up 0.7% in January, after increasing 0.4% in December.
Thursday, March 30, 2017Raw Materials Price Index: 8:30amFeb---The Raw Materials Price Index increased 1.7%, led by higher prices for animals and animal products.
Thursday, March 30, 2017Industrial Product Price Index: 8:30amFeb---The Industrial Product Price Index rose 0.4% in January, mainly due to higher prices for energy and petroleum products.
Friday, March 31, 2017Average Weekly Earnings Jan---Average weekly earnings of non-farm payroll employees were $971.00 in December, an increase of 1.0% from November and 1.2% from 12 months earlier.
Friday, March 31, 2017GDP: 8:30amJan------
  • Markit Canada Manufacturing PMI: 9:30am

    Wednesday, March 01, 2017

    For: Feb

    Current 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.

    Previous Month:
    The seasonally-adjusted Markit Canada Manufacturing Purchasing Managers’ Index registered 53.5 in January, up from 51.8 in December and above the neutral 50.0 threshold for the 11th consecutive month.
  • BoC rate announcement: 10:00am

    Wednesday, March 01, 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:
    ---
  • GDP: 8:30am

    Thursday, March 02, 2017

    For: Dec

    Current Month:
    Real gross domestic product rose 0.6% in the fourth quarter, following a 0.9% increase in the third quarter. GDP grew 0.3% in December.

    Previous Month:
    Real gross domestic product rose for the fifth time in six months, up 0.4% in November
  • IVEY Purchasing Managers Index: 10:00am

    Tuesday, March 07, 2017

    For: Feb

    Current Month:
    The index registered at 55 last month, compared to 57.2 in January, and 53.4 in February 2016

    Previous Month:
    The Ivey Purchasing Managers Index (PMI) hit 57.2 in January, down from the 60.8 figure in December, and 66 in January 2016.
  • Canadian International Merchandise Trade: 8:30am

    Tuesday, March 07, 2017

    For: Jan

    Current 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%.

    Previous Month:
    Canada's merchandise trade balance with the world recorded its second consecutive monthly surplus, narrowing from a revised $1.0 billion in November to $923 million in December. Exports were up 0.8% while imports increased 1.0%.
  • Housing Starts: 8:15am

    Wednesday, March 08, 2017

    For: Feb

    Current 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

    Previous Month:
    Canada Mortgage and Housing Corporation's trend measure of housing starts in Canada was 199,834 units in January compared to 197,881 in December
  • Building Permits: 8:30am

    Wednesday, March 08, 2017

    For: Jan

    Current Month:
    The value of building permits issued by Canadian municipalities rose 5.4% to $7.6 billion in January, following two consecutive monthly decreases.

    Previous Month:
    Municipalities issued $7.2 billion worth of building permits in December, down 6.6% from November.
  • New Housing Price Index: 8:30am

    Thursday, March 09, 2017

    For: Jan

    Current Month:
    The New Housing Price Index edged up 0.1% in January compared with the previous month.

    Previous Month:
    The New Housing Price Index edged up 0.1% in December compared with the previous month, largely reflecting price increases in Ontario and Alberta.
  • Labour Force Survey: 8:30am

    Friday, March 10, 2017

    For: Feb

    Current Month:
    Statistics Canada reported Friday that the economy added another 15,000 jobs in February, pushing the unemployment rate down to 6.6%

    Previous Month:
    Employment rose by 48,000 (+0.3%) in January, building on gains observed in the latter part of 2016. The unemployment rate fell by 0.1 percentage points to 6.8%.
  • CREAstats - MLS Sales: 8:30am

    Wednesday, March 15, 2017

    For: Feb

    Current 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.

    Previous Month:
    The Canadian Real Estate Association said national home sales declined 1.3% from December 2016 to January 2017. Actual (not seasonally-adjusted) activity in January was up 1.9% from a year earlier.
  • Canada's International Transactions in Securities: 8:30am

    Thursday, March 16, 2017

    For: Jan

    Current 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.

    Previous Month:
    Foreign investment in Canadian securities reached $10.2 billion in December, largely through acquisitions of shares. At the same time, Canadian investors increased their holdings of foreign securities by $6.7 billion, led by purchases of non-U.S. foreign shares.
  • Monthly Survey of Manufacturing: 8:30am

    Friday, March 17, 2017

    For: Jan

    Current Month:
    Manufacturing sales rose for the third consecutive month, up 0.6% to $53.8 billion in January.

    Previous Month:
    Manufacturing sales increased for the second consecutive month, up 2.3% to $53.5 billion in December, following a revised increase of 2.3% in November
  • Wholesale Trade: 8:30am

    Monday, March 20, 2017

    For: Jan

    Current 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

    Previous Month:
    Wholesale sales rose 0.7% to $57.3 billion in December, a third consecutive gain.
  • Retail Trade: 8:30am

    Tuesday, March 21, 2017

    For: Jan

    Current Month:
    Retail sales rose 2.2% to $46.0 billion in January

    Previous Month:
    Following four consecutive monthly increases, retail sales decreased 0.5% in December.
  • Employment Insurance: 8:30am

    Thursday, March 23, 2017

    For: Jan

    Current 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.

    Previous Month:
    In December, 568,800 people received regular Employment Insurance benefits, down 3,200 or 0.6% from the previous month.
  • Consumer Price Index: 8:30am

    Friday, March 24, 2017

    For: Feb

    Current 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.

    Previous Month:
    The Consumer Price Index rose 2.1% on a year-over-year basis in January, following a 1.5% increase in December. On a seasonally-adjusted monthly basis, CPI was up 0.7% in January, after increasing 0.4% in December.
  • Raw Materials Price Index: 8:30am

    Thursday, March 30, 2017

    For: Feb

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index increased 1.7%, led by higher prices for animals and animal products.
  • Industrial Product Price Index: 8:30am

    Thursday, March 30, 2017

    For: Feb

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index rose 0.4% in January, mainly due to higher prices for energy and petroleum products.
  • Average Weekly Earnings

    Friday, March 31, 2017

    For: Jan

    Current Month:
    ---

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $971.00 in December, an increase of 1.0% from November and 1.2% from 12 months earlier.
  • GDP: 8:30am

    Friday, March 31, 2017

    For: Jan

    Current Month:
    ---

    Previous Month:
    ---