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Canadian Economic Calendar - May 2024

DateStatisticForCurrent MonthPrevious Month
Wednesday, May 1, 2024Markit Canada Manufacturing PMI 9:30 a.m. AprThe index registered 49.4 in April, compared to 49.8 in March. The PMI rose to 49.8 in March from 49.7 in February.
Thursday, May 2, 2024Canadian International Merchandise Trade: 8:30amMarIn March, Canada's merchandise exports declined 5.3%, while imports were down 1.2%. As a result, Canada's merchandise trade balance with the world went from a surplus of $476 million in February to a deficit of $2.3 billion in March. This represents the largest trade deficit since June 2023.Exports increased 5.8%, while imports rose 4.6%. As a result, Canada's merchandise trade surplus with the world widened from $608 million in January to $1.4 billion in February.
Tuesday, May 7, 2024IVEY Purchasing Managers Index: 10:00amAprThe index hiked to 63 in April, well above the March reading of 57.5 and towering over the 56.8 figure for April 2023.The index jumped to 57.5 in March from 53.9 in February, but was a down from March 2023's reading of 58.2.
Friday, May 10, 2024Labour Force Survey: 8:30amAprEmployment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly declines.Employment was little changed in March (-2,200; -0.0%). The unemployment rate rose 0.3 percentage points to 6.1% in March
Monday, May 13, 2024Building Permits: 8:30amMarThe total monthly value of building permits in Canada decreased 11.7% to $10.5 billion in March.The total monthly value of building permits in Canada increased 9.3% from January to $11.8 billion in February.
Tuesday, May 14, 2024Wholesale Trade: 8:30amMarWholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain) fell 1.1% to $81.4 billion in March.Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) were essentially unchanged (+0.0%), at $82.2 billion in February.
Tuesday, May 14, 2024New Motor Vehicle Sales: 7:30amAprilStatistics Canada says new motor vehicle sales totaled 172,100, compared to the prior-year-month figure of 136,620. Statistics Canada said motor vehicle sales zoomed to 137,690 in March, from 116,870 in the prior-year month.
Wednesday, May 15, 2024CREAstats - MLS Sales: 8:30amAprNational home sales declined 1.7% month-over-month in April. Actual (not seasonally adjusted) monthly activity came in 10.1% above April 2023.National home sales edged up 0.5% month-over-month in March. Actual (not seasonally adjusted) monthly activity came in 1.7% above March 2023.
Wednesday, May 15, 2024Monthly Survey of Manufacturing: 8:30amMarManufacturing sales declined 2.1% in March, mainly driven by lower sales of petroleum and coal products as well as motor vehicles. Sales of machinery posted the largest increase.Manufacturing sales increased 0.7% in February, led by the petroleum and coal product subsector as well as the electrical equipment, appliance and component subsector.
Wednesday, May 15, 2024Housing Starts: 8:15amAprilHousing starts totaled 240,200 in April, compared to 242,300 in the prior-year quarter. Housing starts totaled 242,200 in March, compared to 260,000 in the prior-year month.
Friday, May 17, 2024Canada's International Transactions in Securities: 8:30amMarCanadian investors acquired an unprecedented $35.6 billion of foreign securities in March, ending the first quarter with a record investment of $51.5 billion. Meanwhile, foreign investors increased their exposure to Canadian securities by $14.4 billion in March after divesting $4.3 billion in February.Canadian investors acquired $24.2 billion of foreign securities in February, led by an all-time high investment in foreign bonds. Meanwhile, foreign investors reduced their exposure to Canadian securities by $8.8 billion, led by a record divestment in government short-term debt securities.
Tuesday, May 21, 2024Consumer Price Index: 8:30amAprThe Consumer Price Index (CPI) rose 2.7% on a year-over-year basis in April, down from a 2.9% gain in March. On a seasonally adjusted monthly basis, the CPI rose 0.2% in April.The Consumer Price Index (CPI) rose 2.9% on a year-over-year basis in March, up from a 2.8% gain in February. On a seasonally adjusted monthly basis, the CPI rose 0.3% in March.
Thursday, May 23, 2024New Housing Price Index: 8:30amMar---The index was flat on a monthly basis during March, compared to a gain of 0.1% the month before. The index sank 0.4% last month on an annual basis, identical to March last year.
Friday, May 24, 2024Retail Trade: 8:30amApr---Retail sales decreased 0.1% to $66.7 billion in February
Tuesday, May 28, 2024Raw Materials Price Index: 8:30amApr---The Raw Materials Price Index rose 4.7% from February to March and was up 0.8% year over year in March.
Tuesday, May 28, 2024Industrial Product Price Index: 8:30amApr---The Industrial Product Price Index increased 0.8% month over month in March and fell 0.5% on a yearly basis
Thursday, May 30, 2024Payroll Employment, Earnings and Hours: 8:30amMar---The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—decreased by 17,700 (-0.1%) in February, following an increase of 35,700 (+0.2%) in January. On a year-over-year basis, payroll employment was up by 154,700 (+0.9%) in February.
Friday, May 31, 2024GDP: 8:30amMar---Real gross domestic product grew for the second consecutive month, increasing 0.2% in February.
Wednesday, June 5, 2024BoC Interest Rate Decision: 10:00amJune---The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Wednesday, May 1, 2024

    For: Apr

    Current Month:
    The index registered 49.4 in April, compared to 49.8 in March.

    Previous Month:
    The PMI rose to 49.8 in March from 49.7 in February.
  • Canadian International Merchandise Trade: 8:30am

    Thursday, May 2, 2024

    For: Mar

    Current Month:
    In March, Canada's merchandise exports declined 5.3%, while imports were down 1.2%. As a result, Canada's merchandise trade balance with the world went from a surplus of $476 million in February to a deficit of $2.3 billion in March. This represents the largest trade deficit since June 2023.

    Previous Month:
    Exports increased 5.8%, while imports rose 4.6%. As a result, Canada's merchandise trade surplus with the world widened from $608 million in January to $1.4 billion in February.
  • IVEY Purchasing Managers Index: 10:00am

    Tuesday, May 7, 2024

    For: Apr

    Current Month:
    The index hiked to 63 in April, well above the March reading of 57.5 and towering over the 56.8 figure for April 2023.

    Previous Month:
    The index jumped to 57.5 in March from 53.9 in February, but was a down from March 2023's reading of 58.2.
  • Labour Force Survey: 8:30am

    Friday, May 10, 2024

    For: Apr

    Current Month:
    Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly declines.

    Previous Month:
    Employment was little changed in March (-2,200; -0.0%). The unemployment rate rose 0.3 percentage points to 6.1% in March
  • Building Permits: 8:30am

    Monday, May 13, 2024

    For: Mar

    Current Month:
    The total monthly value of building permits in Canada decreased 11.7% to $10.5 billion in March.

    Previous Month:
    The total monthly value of building permits in Canada increased 9.3% from January to $11.8 billion in February.
  • Wholesale Trade: 8:30am

    Tuesday, May 14, 2024

    For: Mar

    Current Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain) fell 1.1% to $81.4 billion in March.

    Previous Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) were essentially unchanged (+0.0%), at $82.2 billion in February.
  • New Motor Vehicle Sales: 7:30am

    Tuesday, May 14, 2024

    For: April

    Current Month:
    Statistics Canada says new motor vehicle sales totaled 172,100, compared to the prior-year-month figure of 136,620.

    Previous Month:
    Statistics Canada said motor vehicle sales zoomed to 137,690 in March, from 116,870 in the prior-year month.
  • CREAstats - MLS Sales: 8:30am

    Wednesday, May 15, 2024

    For: Apr

    Current Month:
    National home sales declined 1.7% month-over-month in April. Actual (not seasonally adjusted) monthly activity came in 10.1% above April 2023.

    Previous Month:
    National home sales edged up 0.5% month-over-month in March. Actual (not seasonally adjusted) monthly activity came in 1.7% above March 2023.
  • Monthly Survey of Manufacturing: 8:30am

    Wednesday, May 15, 2024

    For: Mar

    Current Month:
    Manufacturing sales declined 2.1% in March, mainly driven by lower sales of petroleum and coal products as well as motor vehicles. Sales of machinery posted the largest increase.

    Previous Month:
    Manufacturing sales increased 0.7% in February, led by the petroleum and coal product subsector as well as the electrical equipment, appliance and component subsector.
  • Housing Starts: 8:15am

    Wednesday, May 15, 2024

    For: April

    Current Month:
    Housing starts totaled 240,200 in April, compared to 242,300 in the prior-year quarter.

    Previous Month:
    Housing starts totaled 242,200 in March, compared to 260,000 in the prior-year month.
  • Canada's International Transactions in Securities: 8:30am

    Friday, May 17, 2024

    For: Mar

    Current Month:
    Canadian investors acquired an unprecedented $35.6 billion of foreign securities in March, ending the first quarter with a record investment of $51.5 billion. Meanwhile, foreign investors increased their exposure to Canadian securities by $14.4 billion in March after divesting $4.3 billion in February.

    Previous Month:
    Canadian investors acquired $24.2 billion of foreign securities in February, led by an all-time high investment in foreign bonds. Meanwhile, foreign investors reduced their exposure to Canadian securities by $8.8 billion, led by a record divestment in government short-term debt securities.
  • Consumer Price Index: 8:30am

    Tuesday, May 21, 2024

    For: Apr

    Current Month:
    The Consumer Price Index (CPI) rose 2.7% on a year-over-year basis in April, down from a 2.9% gain in March. On a seasonally adjusted monthly basis, the CPI rose 0.2% in April.

    Previous Month:
    The Consumer Price Index (CPI) rose 2.9% on a year-over-year basis in March, up from a 2.8% gain in February. On a seasonally adjusted monthly basis, the CPI rose 0.3% in March.
  • New Housing Price Index: 8:30am

    Thursday, May 23, 2024

    For: Mar

    Current Month:
    ---

    Previous Month:
    The index was flat on a monthly basis during March, compared to a gain of 0.1% the month before. The index sank 0.4% last month on an annual basis, identical to March last year.
  • Retail Trade: 8:30am

    Friday, May 24, 2024

    For: Apr

    Current Month:
    ---

    Previous Month:
    Retail sales decreased 0.1% to $66.7 billion in February
  • Raw Materials Price Index: 8:30am

    Tuesday, May 28, 2024

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index rose 4.7% from February to March and was up 0.8% year over year in March.
  • Industrial Product Price Index: 8:30am

    Tuesday, May 28, 2024

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index increased 0.8% month over month in March and fell 0.5% on a yearly basis
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, May 30, 2024

    For: Mar

    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—decreased by 17,700 (-0.1%) in February, following an increase of 35,700 (+0.2%) in January. On a year-over-year basis, payroll employment was up by 154,700 (+0.9%) in February.
  • GDP: 8:30am

    Friday, May 31, 2024

    For: Mar

    Current Month:
    ---

    Previous Month:
    Real gross domestic product grew for the second consecutive month, increasing 0.2% in February.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, June 5, 2024

    For: June

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.