Canadian Economic Calendar - June 2021

DateStatisticForCurrent MonthPrevious Month
Tuesday, June 1, 2021Markit Canada Manufacturing PMI: 9:30 amMayThe PMI registered 57.0 in May, down fractionally from 57.2 in April, to signal the fifth-strongest growth in operating conditions in the survey to date. The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index registered 57.2 in April, down from 58.5 in March, to signal the third-strongest growth in operating conditions in the survey to date, which began in October 2010.
Tuesday, June 1, 2021GDP: 8:30amMarReal gross domestic product grew for the 11th consecutive month, expanding 1.1% in March, as 18 of 20 industrial sectors were up.Real gross domestic product grew 0.4% in February, following 0.7% growth in January, as 14 of the 20 industrial sectors were up.
Wednesday, June 2, 2021Building Permits: 8:30amAprilThe total value of building permits remained at historically high levels in April 2021, edging down 0.5% to $11.1 billion, following the record set in March.March marked the third consecutive month of record-setting numbers as building permits rose 5.7% to $10.9 billion, reflecting a booming residential sector.
Friday, June 4, 2021Labour Force Survey: 8:30amMayEmployment fell by 68,000 (-0.4%) in May, adding to a decline of 207,000 in April. The unemployment rate was little changed at 8.2%.Employment fell by 207,000 (-1.1%) in April and the unemployment rate rose 0.6 percentage points to 8.1%.
Friday, June 4, 2021IVEY Purchasing Managers Index: 10:00amMayThe index progressed to 64.7 in May, from 60.6 in April, and towering above the 39.1 reading in May 2020The index tumbled to 60.6 in April, lurching below the 72.9 reading in March, but still well above the 22.8 figure for April 2020
Tuesday, June 8, 2021Canadian International Merchandise Trade: 8:30amAprilIn April, Canada's merchandise imports fell 4.7%, while exports decreased 1.0%. Both declines were attributable in large part to significant decreases in trade of motor vehicles and parts. Canada's merchandise trade balance went from a deficit of $1.3 billion in March to a surplus of $594 million in April.In March, Canada's imports posted a significant increase of 5.5%, while exports edged up 0.3%. As a result, following two consecutive monthly trade surpluses, Canada's merchandise trade balance returned to a deficit position, moving from a surplus of $1.4 billion in February to a deficit of $1.1 billion in March.
Wednesday, June 9, 2021BoC Interest Rate Decision: 10:00amJuneThe Bank of Canada maintained interest rates at 0.25%, as expected, the same perch at which it’s been since March 2020. The Bank Rate stays at 0.5%, and the deposit rate at 0.25%. The Bank of Canada today held its target for the overnight rate at the effective lower bound of 0.25%, with the Bank Rate at 0.5% and the deposit rate at 0.25%
Monday, June 14, 2021Monthly Survey of Manufacturing: 8:30amAprilManufacturing sales fell 2.1% to $57.1 billion in April, on lower sales in 11 of 21 industries. Much of the decline was attributable to lower sales of transportation equipment and petroleum and coal products.Manufacturing sales bounced back in March, rising 3.5% to $57.8 billion, following a 1.1% decline in February. Gains were widespread across all major industries.
Tuesday, June 15, 2021CREAstats - MLS Sales: 8:30amMayHome sales recorded over Canadian MLS® Systems fell by 7.4% month-over month in May 2021, building on the 11% decline recorded in April. Activity nonetheless remains historically high, but in contrast to March’s all-time record it is now running closer to levels seen in the second half of 2020.National home sales declined by 12.5% on a month-over-month basis in April. Home sales were up by 256% on a year-over-year basis in April and the average price of those sales was up 42%.
Tuesday, June 15, 2021Housing Starts: 8:15amMayThe trend in housing starts was 280,779 units in May 2021, up slightly from 278,462 units in April 2021, according to Canada Mortgage and Housing Corporation. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.The trend in housing starts was 279,055 units in April 2021, up from 272,164 units in March 2021, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts
Wednesday, June 16, 2021Wholesale Trade: 8:30amAprilSales by Canadian wholesalers rose 0.4% in April, the third increase in the last four monthsSales by Canadian wholesalers rose 2.8% in March, the second increase in three months.
Wednesday, June 16, 2021Consumer Price Index: 8:30amMayThe Consumer Price Index (CPI) rose 3.6% on a year-over-year basis in May, up from a 3.4% gain in April. On a seasonally adjusted monthly basis, the CPI rose 0.4% in May.CPI rose 3.4% on a year-over-year basis in April, up from a 2.2% gain in March. On a seasonally adjusted monthly basis, the CPI rose 0.6% in April.
Thursday, June 17, 2021Canada's International Transactions in Securities: 8:30amAprilCanadian investment in foreign securities totalled $18.6 billion in April, mainly in purchases of US securities. Meanwhile, foreign investment in Canadian securities totalled $10.0 billion, led by acquisitions of Canadian bonds. As a result, international transactions in securities generated a net outflow of funds from the Canadian economy of $8.7 billion.Canadian investment in foreign securities totalled $21.2 billion in March, mainly from purchases of U.S. shares. Meanwhile, foreign investment in Canadian securities was $3.2 billion, mostly in acquisitions of Canadian shares.
Friday, June 18, 2021New Housing Price Index: 8:30amMayNew home prices increased 1.4% in May nationally, with prices up in 19 of the 27 census metropolitan areas surveyed.New home prices increased 1.9% in April at the national level, with prices up in 22 of the 27 census metropolitan areas surveyed.
Wednesday, June 23, 2021Retail Trade: 8:30amAprilRetail sales were down 5.7% to $54.8 billion in April. Retail sales were up 3.6% to $57.6 billion in March.
Thursday, June 24, 2021Payroll Employment, Earnings and Hours: 8:30amApril---Compared with February 2020, payroll employment in Canada was down by 897,900 (-5.3%) in March.
Wednesday, June 30, 2021Industrial Product Price Index: 8:30amMay---The index rose 1.6% month over month in April and 14.3% compared to April 2020.
Wednesday, June 30, 2021Raw Materials Price Index: 8:30amMay---The index increased 1.0% on a monthly basis in April and 56.4% compared to April 2020.
  • Markit Canada Manufacturing PMI: 9:30 am

    Tuesday, June 1, 2021

    For: May

    Current Month:
    The PMI registered 57.0 in May, down fractionally from 57.2 in April, to signal the fifth-strongest growth in operating conditions in the survey to date.

    Previous Month:
    The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index registered 57.2 in April, down from 58.5 in March, to signal the third-strongest growth in operating conditions in the survey to date, which began in October 2010.
  • GDP: 8:30am

    Tuesday, June 1, 2021

    For: Mar

    Current Month:
    Real gross domestic product grew for the 11th consecutive month, expanding 1.1% in March, as 18 of 20 industrial sectors were up.

    Previous Month:
    Real gross domestic product grew 0.4% in February, following 0.7% growth in January, as 14 of the 20 industrial sectors were up.
  • Building Permits: 8:30am

    Wednesday, June 2, 2021

    For: April

    Current Month:
    The total value of building permits remained at historically high levels in April 2021, edging down 0.5% to $11.1 billion, following the record set in March.

    Previous Month:
    March marked the third consecutive month of record-setting numbers as building permits rose 5.7% to $10.9 billion, reflecting a booming residential sector.
  • Labour Force Survey: 8:30am

    Friday, June 4, 2021

    For: May

    Current Month:
    Employment fell by 68,000 (-0.4%) in May, adding to a decline of 207,000 in April. The unemployment rate was little changed at 8.2%.

    Previous Month:
    Employment fell by 207,000 (-1.1%) in April and the unemployment rate rose 0.6 percentage points to 8.1%.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, June 4, 2021

    For: May

    Current Month:
    The index progressed to 64.7 in May, from 60.6 in April, and towering above the 39.1 reading in May 2020

    Previous Month:
    The index tumbled to 60.6 in April, lurching below the 72.9 reading in March, but still well above the 22.8 figure for April 2020
  • Canadian International Merchandise Trade: 8:30am

    Tuesday, June 8, 2021

    For: April

    Current Month:
    In April, Canada's merchandise imports fell 4.7%, while exports decreased 1.0%. Both declines were attributable in large part to significant decreases in trade of motor vehicles and parts. Canada's merchandise trade balance went from a deficit of $1.3 billion in March to a surplus of $594 million in April.

    Previous Month:
    In March, Canada's imports posted a significant increase of 5.5%, while exports edged up 0.3%. As a result, following two consecutive monthly trade surpluses, Canada's merchandise trade balance returned to a deficit position, moving from a surplus of $1.4 billion in February to a deficit of $1.1 billion in March.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, June 9, 2021

    For: June

    Current Month:
    The Bank of Canada maintained interest rates at 0.25%, as expected, the same perch at which it’s been since March 2020. The Bank Rate stays at 0.5%, and the deposit rate at 0.25%.

    Previous Month:
    The Bank of Canada today held its target for the overnight rate at the effective lower bound of 0.25%, with the Bank Rate at 0.5% and the deposit rate at 0.25%
  • Monthly Survey of Manufacturing: 8:30am

    Monday, June 14, 2021

    For: April

    Current Month:
    Manufacturing sales fell 2.1% to $57.1 billion in April, on lower sales in 11 of 21 industries. Much of the decline was attributable to lower sales of transportation equipment and petroleum and coal products.

    Previous Month:
    Manufacturing sales bounced back in March, rising 3.5% to $57.8 billion, following a 1.1% decline in February. Gains were widespread across all major industries.
  • CREAstats - MLS Sales: 8:30am

    Tuesday, June 15, 2021

    For: May

    Current Month:
    Home sales recorded over Canadian MLS® Systems fell by 7.4% month-over month in May 2021, building on the 11% decline recorded in April. Activity nonetheless remains historically high, but in contrast to March’s all-time record it is now running closer to levels seen in the second half of 2020.

    Previous Month:
    National home sales declined by 12.5% on a month-over-month basis in April. Home sales were up by 256% on a year-over-year basis in April and the average price of those sales was up 42%.
  • Housing Starts: 8:15am

    Tuesday, June 15, 2021

    For: May

    Current Month:
    The trend in housing starts was 280,779 units in May 2021, up slightly from 278,462 units in April 2021, according to Canada Mortgage and Housing Corporation. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

    Previous Month:
    The trend in housing starts was 279,055 units in April 2021, up from 272,164 units in March 2021, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts
  • Wholesale Trade: 8:30am

    Wednesday, June 16, 2021

    For: April

    Current Month:
    Sales by Canadian wholesalers rose 0.4% in April, the third increase in the last four months

    Previous Month:
    Sales by Canadian wholesalers rose 2.8% in March, the second increase in three months.
  • Consumer Price Index: 8:30am

    Wednesday, June 16, 2021

    For: May

    Current Month:
    The Consumer Price Index (CPI) rose 3.6% on a year-over-year basis in May, up from a 3.4% gain in April. On a seasonally adjusted monthly basis, the CPI rose 0.4% in May.

    Previous Month:
    CPI rose 3.4% on a year-over-year basis in April, up from a 2.2% gain in March. On a seasonally adjusted monthly basis, the CPI rose 0.6% in April.
  • Canada's International Transactions in Securities: 8:30am

    Thursday, June 17, 2021

    For: April

    Current Month:
    Canadian investment in foreign securities totalled $18.6 billion in April, mainly in purchases of US securities. Meanwhile, foreign investment in Canadian securities totalled $10.0 billion, led by acquisitions of Canadian bonds. As a result, international transactions in securities generated a net outflow of funds from the Canadian economy of $8.7 billion.

    Previous Month:
    Canadian investment in foreign securities totalled $21.2 billion in March, mainly from purchases of U.S. shares. Meanwhile, foreign investment in Canadian securities was $3.2 billion, mostly in acquisitions of Canadian shares.
  • New Housing Price Index: 8:30am

    Friday, June 18, 2021

    For: May

    Current Month:
    New home prices increased 1.4% in May nationally, with prices up in 19 of the 27 census metropolitan areas surveyed.

    Previous Month:
    New home prices increased 1.9% in April at the national level, with prices up in 22 of the 27 census metropolitan areas surveyed.
  • Retail Trade: 8:30am

    Wednesday, June 23, 2021

    For: April

    Current Month:
    Retail sales were down 5.7% to $54.8 billion in April.

    Previous Month:
    Retail sales were up 3.6% to $57.6 billion in March.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, June 24, 2021

    For: April

    Current Month:
    ---

    Previous Month:
    Compared with February 2020, payroll employment in Canada was down by 897,900 (-5.3%) in March.
  • Industrial Product Price Index: 8:30am

    Wednesday, June 30, 2021

    For: May

    Current Month:
    ---

    Previous Month:
    The index rose 1.6% month over month in April and 14.3% compared to April 2020.
  • Raw Materials Price Index: 8:30am

    Wednesday, June 30, 2021

    For: May

    Current Month:
    ---

    Previous Month:
    The index increased 1.0% on a monthly basis in April and 56.4% compared to April 2020.