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Canadian Economic Calendar - July 2024

DateStatisticForCurrent MonthPrevious Month
Tuesday, July 2, 2024Markit Canada Manufacturing PMI 9:30 a.m. June---Manufacturing PMI in Canada decreased to 49.30 points in May from 49.40 points in April.
Wednesday, July 3, 2024Canadian International Merchandise Trade: 8:30amMay---In April, Canada's merchandise exports increased 2.6%, while imports rose 1.1%. As a result, Canada's merchandise trade deficit with the world narrowed from $2.0 billion in March to $1.0 billion in April.
Friday, July 5, 2024Labour Force Survey: 8:30amJune---Employment was little changed in May (+27,000; +0.1%), and the unemployment rate moved up to 6.2% from 6.1%.
Friday, July 5, 2024IVEY Purchasing Managers Index: 10:00amJune---The seasonally adjusted index fell to 52.0 from 63.0 in April, posting its lowest level since July. A reading above 50 indicates an increase in activity.
Friday, July 12, 2024Building Permits: 8:30amMay---The total monthly value of building permits in Canada significantly increased 20.5% to $12.8 billion in April.
Monday, July 15, 2024Wholesale Trade: 8:30amMay---Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) grew 2.4% to $83.3 billion in April.
Monday, July 15, 2024Monthly Survey of Manufacturing: 8:30amMay---Manufacturing sales increased 1.1% in April, mainly due to higher sales of transportation equipment as well as primary metals. Production of aerospace products and parts declined the most.
Tuesday, July 16, 2024Housing Starts: 8:15amJune---Housing starts zoomed to 264,500 in May, compared to 241,100 in the prior-year quarter.
Tuesday, July 16, 2024Consumer Price Index: 8:30amJune---CPI rose 2.9% on a year-over-year basis in May, up from a 2.7% gain in April. On a seasonally adjusted monthly basis, the CPI rose 0.3% in May.
Wednesday, July 17, 2024Canada's International Transactions in Securities: 8:30amMay---Foreign investors acquired $41.2 billion of Canadian securities in April, the largest investment in two years. At the same time, Canadian investment in foreign securities slowed sharply to $2.5 million, from a record investment of $35.6 billion in March.
Wednesday, July 17, 2024New Motor Vehicle Sales: 7:30amMay---Motor vehicles sales totaled 175,100 in April, compared to 171,600 the month before.
Wednesday, July 17, 2024CREAstats - MLS Sales: 8:30amJune---National home sales edged back 0.6% month-over-month in May. Actual (not seasonally adjusted) monthly activity came in 5.9% below May 2023.
Friday, July 19, 2024Industrial Product Price Index: 8:30amJune---The Industrial Product Price Index was unchanged month over month in May and rose 1.8% on a yearly basis.
Friday, July 19, 2024Raw Materials Price Index: 8:30amJune---The Raw Materials Price Index declined 1.0% month over month in May and increased 7.6% year over year.
Friday, July 19, 2024Retail Trade: 8:30amMay---Retail sales increased 0.7% to $66.8 billion in April.
Monday, July 22, 2024New Housing Price Index: 8:30amJune---Housing prices rose 0.2% in April, exactly the same rate of increase in April 2023.
Wednesday, July 24, 2024BoC Interest Rate Decision: 10:00amJuly---The Bank of Canada today reduced its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the deposit rate at 4.75%. The Bank is continuing its policy of balance sheet normalization.
Thursday, July 25, 2024Payroll Employment, Earnings and Hours: 8:30amMay---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 22,700 (-0.1%) in April.
Wednesday, July 31, 2024GDP: 8:30amMay---Real gross domestic product grew 0.3% as both goods-producing and services-producing industries increased in April.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Tuesday, July 2, 2024

    For: June

    Current Month:
    ---

    Previous Month:
    Manufacturing PMI in Canada decreased to 49.30 points in May from 49.40 points in April.
  • Canadian International Merchandise Trade: 8:30am

    Wednesday, July 3, 2024

    For: May

    Current Month:
    ---

    Previous Month:
    In April, Canada's merchandise exports increased 2.6%, while imports rose 1.1%. As a result, Canada's merchandise trade deficit with the world narrowed from $2.0 billion in March to $1.0 billion in April.
  • Labour Force Survey: 8:30am

    Friday, July 5, 2024

    For: June

    Current Month:
    ---

    Previous Month:
    Employment was little changed in May (+27,000; +0.1%), and the unemployment rate moved up to 6.2% from 6.1%.
  • IVEY Purchasing Managers Index: 10:00am

    Friday, July 5, 2024

    For: June

    Current Month:
    ---

    Previous Month:
    The seasonally adjusted index fell to 52.0 from 63.0 in April, posting its lowest level since July. A reading above 50 indicates an increase in activity.
  • Building Permits: 8:30am

    Friday, July 12, 2024

    For: May

    Current Month:
    ---

    Previous Month:
    The total monthly value of building permits in Canada significantly increased 20.5% to $12.8 billion in April.
  • Wholesale Trade: 8:30am

    Monday, July 15, 2024

    For: May

    Current Month:
    ---

    Previous Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) grew 2.4% to $83.3 billion in April.
  • Monthly Survey of Manufacturing: 8:30am

    Monday, July 15, 2024

    For: May

    Current Month:
    ---

    Previous Month:
    Manufacturing sales increased 1.1% in April, mainly due to higher sales of transportation equipment as well as primary metals. Production of aerospace products and parts declined the most.
  • Housing Starts: 8:15am

    Tuesday, July 16, 2024

    For: June

    Current Month:
    ---

    Previous Month:
    Housing starts zoomed to 264,500 in May, compared to 241,100 in the prior-year quarter.
  • Consumer Price Index: 8:30am

    Tuesday, July 16, 2024

    For: June

    Current Month:
    ---

    Previous Month:
    CPI rose 2.9% on a year-over-year basis in May, up from a 2.7% gain in April. On a seasonally adjusted monthly basis, the CPI rose 0.3% in May.
  • Canada's International Transactions in Securities: 8:30am

    Wednesday, July 17, 2024

    For: May

    Current Month:
    ---

    Previous Month:
    Foreign investors acquired $41.2 billion of Canadian securities in April, the largest investment in two years. At the same time, Canadian investment in foreign securities slowed sharply to $2.5 million, from a record investment of $35.6 billion in March.
  • New Motor Vehicle Sales: 7:30am

    Wednesday, July 17, 2024

    For: May

    Current Month:
    ---

    Previous Month:
    Motor vehicles sales totaled 175,100 in April, compared to 171,600 the month before.
  • CREAstats - MLS Sales: 8:30am

    Wednesday, July 17, 2024

    For: June

    Current Month:
    ---

    Previous Month:
    National home sales edged back 0.6% month-over-month in May. Actual (not seasonally adjusted) monthly activity came in 5.9% below May 2023.
  • Industrial Product Price Index: 8:30am

    Friday, July 19, 2024

    For: June

    Current Month:
    ---

    Previous Month:
    The Industrial Product Price Index was unchanged month over month in May and rose 1.8% on a yearly basis.
  • Raw Materials Price Index: 8:30am

    Friday, July 19, 2024

    For: June

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index declined 1.0% month over month in May and increased 7.6% year over year.
  • Retail Trade: 8:30am

    Friday, July 19, 2024

    For: May

    Current Month:
    ---

    Previous Month:
    Retail sales increased 0.7% to $66.8 billion in April.
  • New Housing Price Index: 8:30am

    Monday, July 22, 2024

    For: June

    Current Month:
    ---

    Previous Month:
    Housing prices rose 0.2% in April, exactly the same rate of increase in April 2023.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, July 24, 2024

    For: July

    Current Month:
    ---

    Previous Month:
    The Bank of Canada today reduced its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the deposit rate at 4.75%. The Bank is continuing its policy of balance sheet normalization.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, July 25, 2024

    For: May

    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 22,700 (-0.1%) in April.
  • GDP: 8:30am

    Wednesday, July 31, 2024

    For: May

    Current Month:
    ---

    Previous Month:
    Real gross domestic product grew 0.3% as both goods-producing and services-producing industries increased in April.