Canadian Economic Calendar - May 2022

DateStatisticForCurrent MonthPrevious Month
Monday, May 2, 2022Markit Canada Manufacturing PMI AprilThe Index registered at 56.2 in April, down from March's survey-record high of 58.9.The IHS Markit Canada Manufacturing PMI rose to a fresh all-time high of 58.9 in March of 2022, from 56.6 in February, , the 21st month in a row with the reading above the 50 threshold.
Wednesday, May 4, 2022Canadian International Merchandise Trade: 8:30amMarCanada's merchandise trade increased substantially in March, with both imports and exports reaching record highs. Imports increased 7.7%, while exports rose 6.3%. As a result, Canada's merchandise trade surplus with the world narrowed from $3.1 billion in February to $2.5 billion in March.In February, Canada's merchandise imports were up 3.9%, following a 7.5% decline in January. Meanwhile, exports rose 2.8% in February. As a result, Canada's merchandise trade surplus with the world narrowed from $3.1 billion in January to $2.7 billion in February.
Friday, May 6, 2022Labour Force Survey: 8:30amAprilEmployment was little changed in April after two consecutive months of growth. The unemployment rate edged down 0.1 percentage points to 5.2%.Employment rose by 73,000 (+0.4%) in March. The unemployment rate fell 0.2 percentage points to 5.3%, the lowest rate on record since comparable data became available in 1976.
Friday, May 6, 2022IVEY Purchasing Managers Index: 10:00amAprilThe index withered to 66.3 in April from 74.2 in March, but improved on the 60.6 figure from April 2021. The index shot up in March to 74.2 from 60.6 in February, and compared favorably with the 72.9 figure in March 2021.
Monday, May 9, 2022Building Permits: 8:30amMarThe total value of building permits in Canada decreased 9.3% in March to $11.7 billion, mainly due to the non-residential sector (-29.5% to $3.7 billion). The total value of building permits rose 21.0% to a record $12.4 billion in February, with British Columbia (+130.2%) leading the way.
Sunday, May 15, 2022CREAstats - MLS Sales: 8:30amAprilNational home sales dropped by 12.6% on a month-over-month basis in April.National home sales fell back by 5.4% on a month-over-month basis in March, according to the Canadian Real Estate Association. Actual (not seasonally adjusted) monthly activity came in 16.3% below the all-time sales record set in March 2021.
Monday, May 16, 2022Monthly Survey of Manufacturing: 8:30amMarManufacturing sales rose 2.5% in March, mainly on higher sales of petroleum and coal product, primary metals, and paper products.Manufacturing sales rose 4.2% in February, mainly on higher sales of motor vehicle, food, and petroleum products.
Monday, May 16, 2022Wholesale Trade: 8:30amMarWholesale sales rose 0.3% in March to $79.8 billion.Wholesale sales fell 0.4% in February to $78.8 billion, the first decline since July 2021.
Tuesday, May 17, 2022Housing Starts: 8:15amAprilHousing starts spiked 8% over a month earlier to 267,330 units in April above market expectations of 246,400 units. Housing starts for March came in at a seasonally adjusted annualized rate of 246,243 units, a 2% decline from 250,246 units in the previous month, according to Canada Mortgage and Housing Corporation
Tuesday, May 17, 2022Canada's International Transactions in Securities: 8:30amMarForeign investors acquired $46.9 billion of Canadian securities in March, the largest investment since April 2020. At the same time, Canadian investors reduced their holdings of foreign securities by $24.0 billion, following a $9.9 billion divestment in February.Canadian investors reduced their holdings of foreign securities by $9.7 billion in February, following an $11.4 billion divestment in January. At the same time, foreign investors acquired $7.4 billion of Canadian securities, mainly in the form of corporate bonds.
Wednesday, May 18, 2022Consumer Price Index: 8:30amAprilCPI rose 6.8% on a year-over-year basis in April, up from a 6.7% gain in March. On a seasonally adjusted monthly basis, the CPI increased 0.7% in April.The Consumer Price Index (CPI) rose 6.7% on a year-over-year basis in March, up from a 5.7% gain in February. On a seasonally adjusted monthly basis, the CPI rose 0.9% in March.
Thursday, May 19, 2022Raw Materials Price Index: 8:30amAprilThe Raw Materials Price Index decreased 2.0% on a monthly basis in April and rose 38.4% year over year.The index was up 11.8% on a monthly basis in March and 42.7% year over year.
Thursday, May 19, 2022Industrial Product Price Index: 8:30amAprilThe Industrial Product Price Index rose 0.8% month over month in April and was up 16.4% year over year.The index rose 4.0% month over month in March., and 18.5%, its biggest gain since December 1974.
Thursday, May 19, 2022New Housing Price Index: 8:30amAprilIn April, new home prices for Canada showed some signs of cooling from their average increase of 1.1% in the first three months of the year, as they rose 0.3% compared with March.In March, new home prices for Canada rose 1.2% compared with February. Prices were up in 18 of the 27 census metropolitan areas (CMAs) surveyed and unchanged in 9 from February to March.
Thursday, May 26, 2022Retail Trade: 8:30amMarRetail sales were virtually unchanged in March. Sales were up in 10 of 11 subsectors, led by higher sales at gasoline stations.Retail sales edged up 0.1% to $59.9 billion in February.
Thursday, May 26, 2022Payroll Employment, Earnings and Hours: 8:30amMarThe number of employees receiving pay or benefits from their employer—measured by the Survey of Employment, Payrolls and Hours as payroll employment—increased by 118,100 (+0.7%) in March.The number of employees receiving pay or benefits from their employer—measured in the Survey of Employment, Payrolls and Hours as payroll employment—rose by 142,900 (+0.8%) in February.
Tuesday, May 31, 2022GDP: 8:30amMar---Real gross domestic product grew 1.1% in February on broad-based growth.
Wednesday, June 1, 2022BoC Interest Rate Decision: 10:00amJune---The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%.
  • Markit Canada Manufacturing PMI

    Monday, May 2, 2022

    For: April

    Current Month:
    The Index registered at 56.2 in April, down from March's survey-record high of 58.9.

    Previous Month:
    The IHS Markit Canada Manufacturing PMI rose to a fresh all-time high of 58.9 in March of 2022, from 56.6 in February, , the 21st month in a row with the reading above the 50 threshold.
  • Canadian International Merchandise Trade: 8:30am

    Wednesday, May 4, 2022

    For: Mar

    Current Month:
    Canada's merchandise trade increased substantially in March, with both imports and exports reaching record highs. Imports increased 7.7%, while exports rose 6.3%. As a result, Canada's merchandise trade surplus with the world narrowed from $3.1 billion in February to $2.5 billion in March.

    Previous Month:
    In February, Canada's merchandise imports were up 3.9%, following a 7.5% decline in January. Meanwhile, exports rose 2.8% in February. As a result, Canada's merchandise trade surplus with the world narrowed from $3.1 billion in January to $2.7 billion in February.
  • Labour Force Survey: 8:30am

    Friday, May 6, 2022

    For: April

    Current Month:
    Employment was little changed in April after two consecutive months of growth. The unemployment rate edged down 0.1 percentage points to 5.2%.

    Previous Month:
    Employment rose by 73,000 (+0.4%) in March. The unemployment rate fell 0.2 percentage points to 5.3%, the lowest rate on record since comparable data became available in 1976.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, May 6, 2022

    For: April

    Current Month:
    The index withered to 66.3 in April from 74.2 in March, but improved on the 60.6 figure from April 2021.

    Previous Month:
    The index shot up in March to 74.2 from 60.6 in February, and compared favorably with the 72.9 figure in March 2021.
  • Building Permits: 8:30am

    Monday, May 9, 2022

    For: Mar

    Current Month:
    The total value of building permits in Canada decreased 9.3% in March to $11.7 billion, mainly due to the non-residential sector (-29.5% to $3.7 billion).

    Previous Month:
    The total value of building permits rose 21.0% to a record $12.4 billion in February, with British Columbia (+130.2%) leading the way.
  • CREAstats - MLS Sales: 8:30am

    Sunday, May 15, 2022

    For: April

    Current Month:
    National home sales dropped by 12.6% on a month-over-month basis in April.

    Previous Month:
    National home sales fell back by 5.4% on a month-over-month basis in March, according to the Canadian Real Estate Association. Actual (not seasonally adjusted) monthly activity came in 16.3% below the all-time sales record set in March 2021.
  • Monthly Survey of Manufacturing: 8:30am

    Monday, May 16, 2022

    For: Mar

    Current Month:
    Manufacturing sales rose 2.5% in March, mainly on higher sales of petroleum and coal product, primary metals, and paper products.

    Previous Month:
    Manufacturing sales rose 4.2% in February, mainly on higher sales of motor vehicle, food, and petroleum products.
  • Wholesale Trade: 8:30am

    Monday, May 16, 2022

    For: Mar

    Current Month:
    Wholesale sales rose 0.3% in March to $79.8 billion.

    Previous Month:
    Wholesale sales fell 0.4% in February to $78.8 billion, the first decline since July 2021.
  • Housing Starts: 8:15am

    Tuesday, May 17, 2022

    For: April

    Current Month:
    Housing starts spiked 8% over a month earlier to 267,330 units in April above market expectations of 246,400 units.

    Previous Month:
    Housing starts for March came in at a seasonally adjusted annualized rate of 246,243 units, a 2% decline from 250,246 units in the previous month, according to Canada Mortgage and Housing Corporation
  • Canada's International Transactions in Securities: 8:30am

    Tuesday, May 17, 2022

    For: Mar

    Current Month:
    Foreign investors acquired $46.9 billion of Canadian securities in March, the largest investment since April 2020. At the same time, Canadian investors reduced their holdings of foreign securities by $24.0 billion, following a $9.9 billion divestment in February.

    Previous Month:
    Canadian investors reduced their holdings of foreign securities by $9.7 billion in February, following an $11.4 billion divestment in January. At the same time, foreign investors acquired $7.4 billion of Canadian securities, mainly in the form of corporate bonds.
  • Consumer Price Index: 8:30am

    Wednesday, May 18, 2022

    For: April

    Current Month:
    CPI rose 6.8% on a year-over-year basis in April, up from a 6.7% gain in March. On a seasonally adjusted monthly basis, the CPI increased 0.7% in April.

    Previous Month:
    The Consumer Price Index (CPI) rose 6.7% on a year-over-year basis in March, up from a 5.7% gain in February. On a seasonally adjusted monthly basis, the CPI rose 0.9% in March.
  • Raw Materials Price Index: 8:30am

    Thursday, May 19, 2022

    For: April

    Current Month:
    The Raw Materials Price Index decreased 2.0% on a monthly basis in April and rose 38.4% year over year.

    Previous Month:
    The index was up 11.8% on a monthly basis in March and 42.7% year over year.
  • Industrial Product Price Index: 8:30am

    Thursday, May 19, 2022

    For: April

    Current Month:
    The Industrial Product Price Index rose 0.8% month over month in April and was up 16.4% year over year.

    Previous Month:
    The index rose 4.0% month over month in March., and 18.5%, its biggest gain since December 1974.
  • New Housing Price Index: 8:30am

    Thursday, May 19, 2022

    For: April

    Current Month:
    In April, new home prices for Canada showed some signs of cooling from their average increase of 1.1% in the first three months of the year, as they rose 0.3% compared with March.

    Previous Month:
    In March, new home prices for Canada rose 1.2% compared with February. Prices were up in 18 of the 27 census metropolitan areas (CMAs) surveyed and unchanged in 9 from February to March.
  • Retail Trade: 8:30am

    Thursday, May 26, 2022

    For: Mar

    Current Month:
    Retail sales were virtually unchanged in March. Sales were up in 10 of 11 subsectors, led by higher sales at gasoline stations.

    Previous Month:
    Retail sales edged up 0.1% to $59.9 billion in February.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, May 26, 2022

    For: Mar

    Current Month:
    The number of employees receiving pay or benefits from their employer—measured by the Survey of Employment, Payrolls and Hours as payroll employment—increased by 118,100 (+0.7%) in March.

    Previous Month:
    The number of employees receiving pay or benefits from their employer—measured in the Survey of Employment, Payrolls and Hours as payroll employment—rose by 142,900 (+0.8%) in February.
  • GDP: 8:30am

    Tuesday, May 31, 2022

    For: Mar

    Current Month:
    ---

    Previous Month:
    Real gross domestic product grew 1.1% in February on broad-based growth.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, June 1, 2022

    For: June

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%.