Economic Calendar

January 2025  DATE STATISTIC FOR CURRENT MONTH PREVIOUS MONTH Friday, January 31, 2025 GDP: 8:30am Nov --- Real gross domestic product increased 0.3% in October as there were increases in both services-producing and goods-producing industries. Thursday, January 30, 2025 Payroll Employment, Earnings and Hours: 8:30am Nov --- The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—fell by 21,100 (-0.1%) in October, following little change in September and August. Wednesday, January 29, 2025 BoC Interest Rate Decision: 10:00am Jan --- The Bank of Canada cut its key interest rate by 50 basis points to 3.25%. The Bank Rate is now 3.75% and the deposit rate is 3.25%. Friday, January 24, 2025 New Housing Price Index: 8:30am Dec The national index declined 0.1% on a month-over-month basis in December. The national index edged up 0.1% on a month-over-month basis in November. Prices were up in 8 of the 27 census metropolitan areas (CMAs) surveyed, while prices were unchanged in 15 CMAs and declined in 4. Thursday, January 23, 2025 Retail Trade: 8:30am Nov Retail sales were relatively unchanged in November. Sales were down in six out of nine subsectors, led by lower sales at food and beverage retailers. Retail sales increased 0.6% to $67.6 billion in October. Sales were up in five of nine subsectors and were led by increases at motor vehicle and parts dealers. Wednesday, January 22, 2025 Industrial Product Price Index: 8:30am Dec The Industrial Product Price Index rose 0.2% month over month in December and increased 4.1% year over year. The Industrial Product Price Index increased 0.6% month over month in November and rose 2.2% on a yearly basis. Wednesday, January 22, 2025 Raw Materials Price Index: 8:30am Dec The Raw Materials Price Index grew 1.3% on a monthly basis in December and increased 9.1% year over year. The Raw Materials Price Index declined 0.5% month over month in November and increased 2.0% year over year. Tuesday, January 21, 2025 Consumer Price Index: 8:30am Dec CPI rose 1.8% on a year-over-year basis in December, down from a 1.9% increase in November. On a seasonally adjusted monthly basis, the CPI rose 0.2% in December. The Consumer Price Index (CPI) rose 1.9% on a year-over-year basis in November, down from a 2.0% increase in October. On a seasonally adjusted monthly basis, the CPI rose 0.1% in November. Friday, January 17, 2025 Canada's International Transactions in Securities: 8:30am Nov Canadian investors increased their exposure to foreign securities by $17.8 billion in November, the highest investment since March 2024. Meanwhile, foreign investors acquired $16.4 billion of Canadian securities, led by an unprecedented investment in money market instruments. Foreign investors increased their exposure to Canadian securities by $21.5 billion in October, a second consecutive month marked by significant investment activity. Meanwhile, Canadian investors reduced their holdings of foreign securities by $2.6 billion, the first divestment since January. Thursday, January 16, 2025 Housing Starts: 8:15am Dec Housing starts in Canada plunged by 13.35% month-over-month to 231,500 units in December 2024, the lowest level in three months and below market expectations of 245,000 units, according to the Canada Mortgage and Housing Corporation. Canada Mortgage and Housing Corporation reported home sales totaling 252,400 in November, compared to 242,200 in the same month last year. Wednesday, January 15, 2025 Monthly Survey of Manufacturing: 8:30am Nov Total manufacturing sales increased 0.8% in November, mainly on higher production of aerospace products and parts as well as sales of petroleum and coal products. Sales of motor vehicle parts declined the most. Total manufacturing sales increased 2.1% in October, mainly on higher sales of petroleum and coal products as well as of transportation equipment. Sales in the paper subsector declined the most. Wednesday, January 15, 2025 CREAstats - MLS Sales: 8:30am Dec National home sales fell 5.8% month-over-month. Actual (not seasonally adjusted) monthly activity came in 19.2% above December 2023. Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 1.0% to $83.7 billion in October. Wednesday, January 15, 2025 Wholesale Trade: 8:30am Nov Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 0.2% to $83.7 billion in November. Figures released Monday by the Canadian Real Estate Association showed national home sales rose 2.8% month-over-month. Actual (not seasonally adjusted) monthly activity came in 26% above November 2023. Wednesday, January 15, 2025 New Motor Vehicle Sales: 7:30am Nov Motor vehicle sales declined in November to 160,900 from 164,800 in October. Motor vehicle sales registered at 163,600 in October, less than the 166,600 figures from August Friday, January 10, 2025 Labour Force Survey: 8:30am Dec Employment rose by 91,000 (+0.4%) in December. The unemployment rate declined 0.1 percentage points to 6.7%. Statistics Canada says the economy created 51,000 (+0.2%) in November. The unemployment rate rose 0.3 percentage points to 6.8%, as more people looked for work. Friday, January 10, 2025 Building Permits: 8:30am Nov The total value of building permits issued in Canada decreased by $739.5 million (-5.9%) to $11.7 billion in November. The total value of building permits issued in Canada decreased by $399.1 million (-3.1%) to $12.6 billion in October. Tuesday, January 7, 2025 Canadian International Merchandise Trade: 8:30am Nov In November, Canada's merchandise exports increased 2.2% and imports rose 1.8%. As a result, Canada's merchandise trade deficit with the world narrowed from $544 million in October to $323 million in November. In October, Canada's merchandise exports increased 1.1% and imports rose 0.5%. As a result, Canada's merchandise trade deficit with the world narrowed from $1.3 billion in September to $924 million in October. Tuesday, January 7, 2025 IVEY Purchasing Managers Index: 10:00am Nov The index moved ahead to 54.7 in December, from 52.3 in November, well off the 56.3 reading of December 2023. The index nicked ahead to 52.3 in November, from 52 in October, well off the 54.7 reading of November 2023. Thursday, January 2, 2025 Markit Canada Manufacturing PMI 9:30 a.m. Dec The S&P Global Canada Manufacturing PMI rose to 52.2 in December 2024, up from 52 in November and exceeding market estimates of 51.9. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index™ (PMI®) remained above the crucial 50.0 no-change mark for a third successive month in November, improving to 52.0, from 51.1 in October, the rate of growth also improved to its highest since February 2023.