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Canadian Economic Calendar - November 2024

DateStatisticForCurrent MonthPrevious Month
Friday, November 1, 2024Markit Canada Manufacturing PMI 9:30 a.m. OctManufacturing PMI in Canada increased to 51.10 points in October from 50.40 points in September. Manufacturing PMI in Canada averaged 52.33 points from 2011 until 2024, reaching an all time high of 58.90 points in March of 2022 and a record low of 33 points in April of 2020.Registering 50.4, up from 49.5 in August, the seasonally-adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index™ (PMI®) edged back above the critical 50.0 no-change mark in September to signal a first improvement in operating conditions since April 2023.
Tuesday, November 5, 2024Canadian International Merchandise Trade: 8:30amSeptIn September, Canada's merchandise exports decreased 0.1%, while imports fell 0.4%. Consequently, Canada's merchandise trade deficit with the world narrowed from $1.5 billion in August to $1.3 billion in September.In August, Canada's merchandise exports fell 1.0%, while imports edged up 0.3%. Consequently, Canada's merchandise trade balance with the world widened from a revised deficit of $287 million in July to a deficit of $1.1 billion in August.
Wednesday, November 6, 2024IVEY Purchasing Managers Index: 10:00amOctThe index registered at 52 in October, down from the 53.1 figure in September. and was below the 53.4 number for October 2023.The index registered at 53.1 in September, much higher than the 48.1 figure the month before and identical to the 53.1 reading in September 2023.
Friday, November 8, 2024Labour Force Survey: 8:30amOctEmployment was little changed in October (+15,000; +0.1%) and the employment rate fell 0.1 percentage points to 60.6%. The unemployment rate was unchanged at 6.5%.Employment rose by 47,000 (+0.2%) in September while the employment rate declined 0.1 percentage points to 60.7%. The unemployment rate fell 0.1 percentage points to 6.5%.
Tuesday, November 12, 2024Building Permits: 8:30amSeptThe total value of building permits in Canada increased by $1.3 billion (+11.5%) to $13.0 billion in September.The total value of building permits in Canada decreased by $858.1 million (-7.0%) to $11.5 billion in August.
Friday, November 15, 2024CREAstats - MLS Sales: 8:30amOctHome sales activity recorded over Canadian MLS® Systems increased 7.7% on a month-over-month basis in October 2024, reaching its highest level since April 2022.Home sales recorded over Canadian MLS® Systems climbed 1.9% on a month-over-month basis in September 2024, reaching their highest level since July 2023
Friday, November 15, 2024Wholesale Trade: 8:30amSeptWholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 0.8% to $82.3 billion in September.Wholesale sales fell 0.6% to $81.9 billion in August.
Friday, November 15, 2024New Motor Vehicle Sales: 7:30amSeptNew motor vehicle sales totaled 168,500 in September, slightly better than August's 166,000Motor vehicle sales registered 166,000 in August, from 169,000 in the prior-year month.
Friday, November 15, 2024Monthly Survey of Manufacturing: 8:30amSeptManufacturing sales declined 0.5% in September, mainly on lower sales of petroleum and coal products as well as lower production of aerospace products and parts.Total manufacturing sales declined 1.3% in August, largely on lower sales of primary metals as well as petroleum and coal products. The declines were partially offset by higher production of aerospace products and parts.
Monday, November 18, 2024Housing Starts: 8:15amOctCanada Mortgage and Housing Corporation reported October housing starts increased 240,800 from 223,400 last yearCanada Mortgage and Housing Corporation said the seasonally-adjusted annualized rate of housing starts rose to 223,808 units from a revised 213,012 units in August.
Monday, November 18, 2024Canada's International Transactions in Securities: 8:30amSeptForeign investors increased their exposure to Canadian securities by $29.3 billion in September, the largest investment since April. Meanwhile, Canadian acquisitions of foreign securities slowed to $4.1 billion, down from a $12.3 billion investment in August.Canadian investors increased their exposure to foreign securities by $12.3 billion in August, mainly in US shares. Meanwhile, foreign investors acquired $10.0 billion of Canadian securities.
Tuesday, November 19, 2024Consumer Price Index: 8:30amOctThe Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in October, up from a 1.6% increase in September. On a seasonally adjusted monthly basis, the CPI rose 0.3% in October.CPI rose 1.6% on a year-over-year basis in September, down from a 2.0% increase in August. On a seasonally adjusted monthly basis, the CPI was unchanged at 0.0% in September.
Thursday, November 21, 2024New Housing Price Index: 8:30amOct---The national index remained unchanged for the second consecutive month in September.
Thursday, November 21, 2024Industrial Product Price Index: 8:30amOct---The Industrial Product Price Index fell 0.6% month over month in September and decreased 0.9% year over year.
Thursday, November 21, 2024Raw Materials Price Index: 8:30amOct---The Raw Materials Price Index declined 3.1% month over month in September and fell 8.8% year over year.
Friday, November 22, 2024Retail Trade: 8:30amSept---Retail sales increased 0.4% to $66.6 billion in August. Sales were up in four of nine subsectors and were led by increases at motor vehicle and parts dealers.
Thursday, November 28, 2024Payroll Employment, Earnings and Hours: 8:30amSept---he number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—was little changed in August (+13,500), following an increase of 39,500 (+0.2%) in July and a decline of 22,900 (-0.1%) in June. On a year-over-year basis, payroll employment was up 176,700 (+1.0%) in August.
Friday, November 29, 2024GDP: 8:30amSept---Real gross domestic product was essentially unchanged in August as increases in services-producing industries were offset by declines in goods-producing industries.
Wednesday, December 11, 2024BoC Interest Rate Decision: 10:00amDec---The Bank of Canada cut its benchmark interest rate by 50 basis points on Wednesday, the fourth consecutive decrease since June, bringing its policy rate to 3.75%
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Friday, November 1, 2024

    For: Oct

    Current Month:
    Manufacturing PMI in Canada increased to 51.10 points in October from 50.40 points in September. Manufacturing PMI in Canada averaged 52.33 points from 2011 until 2024, reaching an all time high of 58.90 points in March of 2022 and a record low of 33 points in April of 2020.

    Previous Month:
    Registering 50.4, up from 49.5 in August, the seasonally-adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index™ (PMI®) edged back above the critical 50.0 no-change mark in September to signal a first improvement in operating conditions since April 2023.
  • Canadian International Merchandise Trade: 8:30am

    Tuesday, November 5, 2024

    For: Sept

    Current Month:
    In September, Canada's merchandise exports decreased 0.1%, while imports fell 0.4%. Consequently, Canada's merchandise trade deficit with the world narrowed from $1.5 billion in August to $1.3 billion in September.

    Previous Month:
    In August, Canada's merchandise exports fell 1.0%, while imports edged up 0.3%. Consequently, Canada's merchandise trade balance with the world widened from a revised deficit of $287 million in July to a deficit of $1.1 billion in August.
  • IVEY Purchasing Managers Index: 10:00am

    Wednesday, November 6, 2024

    For: Oct

    Current Month:
    The index registered at 52 in October, down from the 53.1 figure in September. and was below the 53.4 number for October 2023.

    Previous Month:
    The index registered at 53.1 in September, much higher than the 48.1 figure the month before and identical to the 53.1 reading in September 2023.
  • Labour Force Survey: 8:30am

    Friday, November 8, 2024

    For: Oct

    Current Month:
    Employment was little changed in October (+15,000; +0.1%) and the employment rate fell 0.1 percentage points to 60.6%. The unemployment rate was unchanged at 6.5%.

    Previous Month:
    Employment rose by 47,000 (+0.2%) in September while the employment rate declined 0.1 percentage points to 60.7%. The unemployment rate fell 0.1 percentage points to 6.5%.
  • Building Permits: 8:30am

    Tuesday, November 12, 2024

    For: Sept

    Current Month:
    The total value of building permits in Canada increased by $1.3 billion (+11.5%) to $13.0 billion in September.

    Previous Month:
    The total value of building permits in Canada decreased by $858.1 million (-7.0%) to $11.5 billion in August.
  • CREAstats - MLS Sales: 8:30am

    Friday, November 15, 2024

    For: Oct

    Current Month:
    Home sales activity recorded over Canadian MLS® Systems increased 7.7% on a month-over-month basis in October 2024, reaching its highest level since April 2022.

    Previous Month:
    Home sales recorded over Canadian MLS® Systems climbed 1.9% on a month-over-month basis in September 2024, reaching their highest level since July 2023
  • Wholesale Trade: 8:30am

    Friday, November 15, 2024

    For: Sept

    Current Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 0.8% to $82.3 billion in September.

    Previous Month:
    Wholesale sales fell 0.6% to $81.9 billion in August.
  • New Motor Vehicle Sales: 7:30am

    Friday, November 15, 2024

    For: Sept

    Current Month:
    New motor vehicle sales totaled 168,500 in September, slightly better than August's 166,000

    Previous Month:
    Motor vehicle sales registered 166,000 in August, from 169,000 in the prior-year month.
  • Monthly Survey of Manufacturing: 8:30am

    Friday, November 15, 2024

    For: Sept

    Current Month:
    Manufacturing sales declined 0.5% in September, mainly on lower sales of petroleum and coal products as well as lower production of aerospace products and parts.

    Previous Month:
    Total manufacturing sales declined 1.3% in August, largely on lower sales of primary metals as well as petroleum and coal products. The declines were partially offset by higher production of aerospace products and parts.
  • Housing Starts: 8:15am

    Monday, November 18, 2024

    For: Oct

    Current Month:
    Canada Mortgage and Housing Corporation reported October housing starts increased 240,800 from 223,400 last year

    Previous Month:
    Canada Mortgage and Housing Corporation said the seasonally-adjusted annualized rate of housing starts rose to 223,808 units from a revised 213,012 units in August.
  • Canada's International Transactions in Securities: 8:30am

    Monday, November 18, 2024

    For: Sept

    Current Month:
    Foreign investors increased their exposure to Canadian securities by $29.3 billion in September, the largest investment since April. Meanwhile, Canadian acquisitions of foreign securities slowed to $4.1 billion, down from a $12.3 billion investment in August.

    Previous Month:
    Canadian investors increased their exposure to foreign securities by $12.3 billion in August, mainly in US shares. Meanwhile, foreign investors acquired $10.0 billion of Canadian securities.
  • Consumer Price Index: 8:30am

    Tuesday, November 19, 2024

    For: Oct

    Current Month:
    The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in October, up from a 1.6% increase in September. On a seasonally adjusted monthly basis, the CPI rose 0.3% in October.

    Previous Month:
    CPI rose 1.6% on a year-over-year basis in September, down from a 2.0% increase in August. On a seasonally adjusted monthly basis, the CPI was unchanged at 0.0% in September.
  • New Housing Price Index: 8:30am

    Thursday, November 21, 2024

    For: Oct

    Current Month:
    ---

    Previous Month:
    The national index remained unchanged for the second consecutive month in September.
  • Industrial Product Price Index: 8:30am

    Thursday, November 21, 2024

    For: Oct

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index fell 0.6% month over month in September and decreased 0.9% year over year.
  • Raw Materials Price Index: 8:30am

    Thursday, November 21, 2024

    For: Oct

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index declined 3.1% month over month in September and fell 8.8% year over year.
  • Retail Trade: 8:30am

    Friday, November 22, 2024

    For: Sept

    Current Month:
    ---

    Previous Month:
    Retail sales increased 0.4% to $66.6 billion in August. Sales were up in four of nine subsectors and were led by increases at motor vehicle and parts dealers.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, November 28, 2024

    For: Sept

    Current Month:
    ---

    Previous Month:
    he number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—was little changed in August (+13,500), following an increase of 39,500 (+0.2%) in July and a decline of 22,900 (-0.1%) in June. On a year-over-year basis, payroll employment was up 176,700 (+1.0%) in August.
  • GDP: 8:30am

    Friday, November 29, 2024

    For: Sept

    Current Month:
    ---

    Previous Month:
    Real gross domestic product was essentially unchanged in August as increases in services-producing industries were offset by declines in goods-producing industries.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, December 11, 2024

    For: Dec

    Current Month:
    ---

    Previous Month:
    The Bank of Canada cut its benchmark interest rate by 50 basis points on Wednesday, the fourth consecutive decrease since June, bringing its policy rate to 3.75%