Canadian Economic Calendar - May 2017

DateStatisticForCurrent MonthPrevious Month
Monday, May 01, 2017Markit Canada Manufacturing PMI: 9:30amAprAt 55.9 in April, up from 55.5 in March, the seasonally-adjusted Manufacturing Purchasing Managers’ Index registered above the 50.0 no-change threshold for the 14th month running.The seasonally-adjusted Markit Canada Manufacturing Purchasing Managers’ Index™ rose to 55.5 in March from 54.7 in February, to remain above the crucial 50.0 no-change value for the 13th consecutive month.
Thursday, May 04, 2017Canadian International Merchandise Trade: 8:30amMarCanada's merchandise trade balance with the world posted a $135-million deficit in March. Exports rose 3.8% while imports were up 1.7%.Canada's merchandise trade balance with the world posted a $972-million deficit in February. Exports were down 2.4% while imports edged up 0.6%.
Friday, May 05, 2017Labour Force Survey: 8:30amAprEmployment was little changed in April, while the unemployment rate declined 0.2 percentage points to 6.5%, the lowest rate since October 2008. Employment was little changed in March (+19,000 or +0.1%), while the unemployment rate rose 0.1 percentage points to 6.7% as more people searched for work.
Friday, May 05, 2017IVEY Purchasing Managers Index: 10:00amAprThe index jumped in April to 62.4, compared to 61.1 in March and 53.1 in April 2016The index ballooned to 61.1 in March from 55 in February and 50.1 in March 2016.
Monday, May 08, 2017Housing Starts: 8:15amAprCanada Mortgage and Housing Corporation reported that housing starts trended higher at 213,768 units in April, compared to 210,702 units in MarchCanada Mortgage and Housing Corporation reported that the seasonally-adjusted annual rate of housing starts rose to 253,720 units in March, topping economists' forecasts for 215,000. February was revised slightly higher to 214,253 units.
Tuesday, May 09, 2017Building Permits: 8:30amMarThe value of building permits issued by Canadian municipalities fell 5.8% to $7.0 billion in March, marking a second consecutive monthly decrease.Canadian municipalities issued $7.5 billion worth of building permits in February, down 2.5% from January.
Thursday, May 11, 2017New Housing Price Index: 8:30amMarThe New Housing Price Index rose 0.2% in March compared with the previous month.The New Housing Price Index rose 0.4% in February compared with the previous month.
Monday, May 15, 2017CREAstats - MLS Sales: 8:30amAprThe Canadian Real Estate Association reported that resales of Canadian homes fell 1.7% in April from record highs in March as new listings spiked. CREA said actual sales, not seasonally-adjusted, were down 7.5% from April 2016, while home prices were up 19.8% from a year ago, according to the group's home price index.The Canadian Real Estate Association reported re-sales of Canadian homes rose 1.1% in March from February and prices were up 18.6% from a year earlier as strong demand in Toronto offset cooling elsewhere.
Wednesday, May 17, 2017Monthly Survey of Manufacturing: 8:30amMarManufacturing sales increased 1.0% to a record $53.9 billion in March, reflecting higher sales in the transportation equipment and food industries.Manufacturing sales edged down 0.2% in February to $53.6 billion, following three consecutive monthly increases.
Thursday, May 18, 2017Employment Insurance: 8:30amMarIn March, 551,100 people received regular Employment Insurance benefits, down 2,900 or 0.5% from February.The number of regular Employment Insurance (EI) beneficiaries fell by 11,700 (-2.1%) to 554,200 in February over January
Thursday, May 18, 2017Canada's International Transactions in Securities: 8:30amMarForeign investment in Canadian securities amounted to $15.1 billion in March, largely in Canadian corporate instruments. At the same time, Canadian investors added $15.4 billion of foreign securities to their holdings, led by acquisitions of U.S. equities.Foreign investment in Canadian securities reached a record high $38.8 billion in February, led by the issuing of new Canadian shares to non-resident investors. At the same time, Canadian investors acquired $6.3 billion of foreign securities, mainly U.S. instruments.
Friday, May 19, 2017Consumer Price Index: 8:30amAprThe Consumer Price Index rose 1.6% on a year-over-year basis in April, matching the increase in March. On a seasonally adjusted monthly basis, CPI was up 0.5% in April, after decreasing 0.2% in March.The Consumer Price Index rose 1.6% on a year-over-year basis in March, following a 2.0% increase in February. On a seasonally adjusted monthly basis, the Consumer Price Index was down 0.2% in March, after decreasing 0.3% in February.
Friday, May 19, 2017Retail Trade: 8:30amMarFollowing a 0.4% decline in February, retail sales rose 0.7% in March to $48.3 billion, on the strength of higher sales at motor vehicle and parts dealers. Sales were up in six of 11 sub-sectors, representing 53% of total retail trade.Retail sales declined 0.6% to $47.8 billion in February, following a 2.3% increase in January.
Tuesday, May 23, 2017Wholesale Trade: 8:30amMarWholesale sales rose 0.9% in March and surpassed the $60-billion mark for the first time. Wholesale sales edged down 0.2% to $58.9 billion in February, following four consecutive monthly increases.
Wednesday, May 24, 2017BoC rate announcement: 10:00am---The Bank of Canada is maintaining its target for the overnight rate at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25%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, May 25, 2017Average Weekly Earnings MarAverage weekly earnings of non-farm payroll employees were $966 in March, little changed from February and up 0.9% from March 2016.Average weekly earnings of non-farm payroll employees were $968 in February, little changed from January and up 1.5% from 12 months earlier.
Tuesday, May 30, 2017Industrial Product Price Index: 8:30amApr---The Industrial Product Price Index rose 0.8% in March, mainly due to higher prices for motorized and recreational vehicles and primary non-ferrous metal products.
Tuesday, May 30, 2017Raw Materials Price Index: 8:30amApr---The Raw Materials Price Index decreased 1.6%, primarily due to lower prices for crude energy products.
Wednesday, May 31, 2017GDP: 8:30amMar---Gross domestic product was unchanged in February following three months of growth.
  • Markit Canada Manufacturing PMI: 9:30am

    Monday, May 01, 2017

    For: Apr

    Current Month:
    At 55.9 in April, up from 55.5 in March, the seasonally-adjusted Manufacturing Purchasing Managers’ Index registered above the 50.0 no-change threshold for the 14th month running.

    Previous Month:
    The seasonally-adjusted Markit Canada Manufacturing Purchasing Managers’ Index™ rose to 55.5 in March from 54.7 in February, to remain above the crucial 50.0 no-change value for the 13th consecutive month.
  • Canadian International Merchandise Trade: 8:30am

    Thursday, May 04, 2017

    For: Mar

    Current Month:
    Canada's merchandise trade balance with the world posted a $135-million deficit in March. Exports rose 3.8% while imports were up 1.7%.

    Previous Month:
    Canada's merchandise trade balance with the world posted a $972-million deficit in February. Exports were down 2.4% while imports edged up 0.6%.
  • Labour Force Survey: 8:30am

    Friday, May 05, 2017

    For: Apr

    Current Month:
    Employment was little changed in April, while the unemployment rate declined 0.2 percentage points to 6.5%, the lowest rate since October 2008.

    Previous Month:
    Employment was little changed in March (+19,000 or +0.1%), while the unemployment rate rose 0.1 percentage points to 6.7% as more people searched for work.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, May 05, 2017

    For: Apr

    Current Month:
    The index jumped in April to 62.4, compared to 61.1 in March and 53.1 in April 2016

    Previous Month:
    The index ballooned to 61.1 in March from 55 in February and 50.1 in March 2016.
  • Housing Starts: 8:15am

    Monday, May 08, 2017

    For: Apr

    Current Month:
    Canada Mortgage and Housing Corporation reported that housing starts trended higher at 213,768 units in April, compared to 210,702 units in March

    Previous Month:
    Canada Mortgage and Housing Corporation reported that the seasonally-adjusted annual rate of housing starts rose to 253,720 units in March, topping economists' forecasts for 215,000. February was revised slightly higher to 214,253 units.
  • Building Permits: 8:30am

    Tuesday, May 09, 2017

    For: Mar

    Current Month:
    The value of building permits issued by Canadian municipalities fell 5.8% to $7.0 billion in March, marking a second consecutive monthly decrease.

    Previous Month:
    Canadian municipalities issued $7.5 billion worth of building permits in February, down 2.5% from January.
  • New Housing Price Index: 8:30am

    Thursday, May 11, 2017

    For: Mar

    Current Month:
    The New Housing Price Index rose 0.2% in March compared with the previous month.

    Previous Month:
    The New Housing Price Index rose 0.4% in February compared with the previous month.
  • CREAstats - MLS Sales: 8:30am

    Monday, May 15, 2017

    For: Apr

    Current Month:
    The Canadian Real Estate Association reported that resales of Canadian homes fell 1.7% in April from record highs in March as new listings spiked. CREA said actual sales, not seasonally-adjusted, were down 7.5% from April 2016, while home prices were up 19.8% from a year ago, according to the group's home price index.

    Previous Month:
    The Canadian Real Estate Association reported re-sales of Canadian homes rose 1.1% in March from February and prices were up 18.6% from a year earlier as strong demand in Toronto offset cooling elsewhere.
  • Monthly Survey of Manufacturing: 8:30am

    Wednesday, May 17, 2017

    For: Mar

    Current Month:
    Manufacturing sales increased 1.0% to a record $53.9 billion in March, reflecting higher sales in the transportation equipment and food industries.

    Previous Month:
    Manufacturing sales edged down 0.2% in February to $53.6 billion, following three consecutive monthly increases.
  • Employment Insurance: 8:30am

    Thursday, May 18, 2017

    For: Mar

    Current Month:
    In March, 551,100 people received regular Employment Insurance benefits, down 2,900 or 0.5% from February.

    Previous Month:
    The number of regular Employment Insurance (EI) beneficiaries fell by 11,700 (-2.1%) to 554,200 in February over January
  • Canada's International Transactions in Securities: 8:30am

    Thursday, May 18, 2017

    For: Mar

    Current Month:
    Foreign investment in Canadian securities amounted to $15.1 billion in March, largely in Canadian corporate instruments. At the same time, Canadian investors added $15.4 billion of foreign securities to their holdings, led by acquisitions of U.S. equities.

    Previous Month:
    Foreign investment in Canadian securities reached a record high $38.8 billion in February, led by the issuing of new Canadian shares to non-resident investors. At the same time, Canadian investors acquired $6.3 billion of foreign securities, mainly U.S. instruments.
  • Consumer Price Index: 8:30am

    Friday, May 19, 2017

    For: Apr

    Current Month:
    The Consumer Price Index rose 1.6% on a year-over-year basis in April, matching the increase in March. On a seasonally adjusted monthly basis, CPI was up 0.5% in April, after decreasing 0.2% in March.

    Previous Month:
    The Consumer Price Index rose 1.6% on a year-over-year basis in March, following a 2.0% increase in February. On a seasonally adjusted monthly basis, the Consumer Price Index was down 0.2% in March, after decreasing 0.3% in February.
  • Retail Trade: 8:30am

    Friday, May 19, 2017

    For: Mar

    Current Month:
    Following a 0.4% decline in February, retail sales rose 0.7% in March to $48.3 billion, on the strength of higher sales at motor vehicle and parts dealers. Sales were up in six of 11 sub-sectors, representing 53% of total retail trade.

    Previous Month:
    Retail sales declined 0.6% to $47.8 billion in February, following a 2.3% increase in January.
  • Wholesale Trade: 8:30am

    Tuesday, May 23, 2017

    For: Mar

    Current Month:
    Wholesale sales rose 0.9% in March and surpassed the $60-billion mark for the first time.

    Previous Month:
    Wholesale sales edged down 0.2% to $58.9 billion in February, following four consecutive monthly increases.
  • BoC rate announcement: 10:00am

    Wednesday, May 24, 2017

    For: ---

    Current Month:
    The Bank of Canada is maintaining its target for the overnight rate at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25%

    Previous 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%
  • Average Weekly Earnings

    Thursday, May 25, 2017

    For: Mar

    Current Month:
    Average weekly earnings of non-farm payroll employees were $966 in March, little changed from February and up 0.9% from March 2016.

    Previous Month:
    Average weekly earnings of non-farm payroll employees were $968 in February, little changed from January and up 1.5% from 12 months earlier.
  • Industrial Product Price Index: 8:30am

    Tuesday, May 30, 2017

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index rose 0.8% in March, mainly due to higher prices for motorized and recreational vehicles and primary non-ferrous metal products.
  • Raw Materials Price Index: 8:30am

    Tuesday, May 30, 2017

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index decreased 1.6%, primarily due to lower prices for crude energy products.
  • GDP: 8:30am

    Wednesday, May 31, 2017

    For: Mar

    Current Month:
    ---

    Previous Month:
    Gross domestic product was unchanged in February following three months of growth.