Economic Calendar

Feb 23, 2025 - 11:06

February 2025

DATE	STATISTIC	FOR	CURRENT MONTH	PREVIOUS MONTH
Wednesday, March 12, 2025	BoC Interest Rate Decision: 10:00am	Mar	---	The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%
Friday, February 28, 2025	GDP: 8:30am	Dec	---	Real gross domestic product decreased 0.2% in November with decreases in both services-producing and goods-producing industries.
Thursday, February 27, 2025	Payroll Employment, Earnings and Hours: 8:30am	Dec	---	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 56,100 (-0.3%) in November, following three consecutive months of little change. On a year-over-year basis, payroll employment was up 142,900 (+0.8%) in November.
Friday, February 21, 2025	Retail Trade: 8:30am	Dec	Retail sales increased 2.5% to $69.6 billion in December. Sales were up in all nine subsectors and were led by increases at food and beverage retailers and motor vehicle and parts dealers.	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.
Thursday, February 20, 2025	New Housing Price Index: 8:30am	Jan	The national index edged down 0.1% on a month-over-month basis in January, following the same decline in the previous month.	The national index declined 0.1% on a month-over-month basis in December.
Thursday, February 20, 2025	Industrial Product Price Index: 8:30am	Jan	The index rose 1.6% month over month in January and increased 5.8% year over year.	The Industrial Product Price Index rose 0.2% month over month in December and increased 4.1% year over year.
Thursday, February 20, 2025	Raw Materials Price Index: 8:30am	Jan	The index grew 3.7% on a monthly basis and increased 11.8% year over year.	The Raw Materials Price Index grew 1.3% on a monthly basis in December and increased 9.1% year over year.
Tuesday, February 18, 2025	Consumer Price Index: 8:30am	Jan	The Consumer Price Index (CPI) rose 1.9% on a year-over-year basis in January, up from a 1.8% increase in December. On a seasonally adjusted monthly basis, the CPI rose 0.1% in January.	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.
Monday, February 17, 2025	Housing Starts: 8:15am	Jan	Housing starts in January totaled 239,700, compared to 232,500 in the prior-year month.	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.
Monday, February 17, 2025	Canada's International Transactions in Securities: 8:30am	Dec	Furthermore, data revealed that foreign investors purchased a net $14.37 billion in Canadian securities in December. Meanwhile, Canadian investors acquired $3.8 billion of foreign securities, down from a $17.6 billion investment in November.	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.
Monday, February 17, 2025	CREAstats - MLS Sales: 8:30am	Jan	National home sales fell 3.3% month-over-month. Actual (not seasonally adjusted) monthly activity came in 2.9% above January 2024.	National home sales fell 5.8% month-over-month. Actual (not seasonally adjusted) monthly activity came in 19.2% above December 2023.
Friday, February 14, 2025	Monthly Survey of Manufacturing: 8:30am	Dec	Manufacturing sales rose 0.3% in December, driven primarily by higher sales of petroleum and coal as well as food products.	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.
Friday, February 14, 2025	Wholesale Trade: 8:30am	Dec	Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 0.2% to $83.6 billion in December.	Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 0.2% to $83.7 billion in November.
Friday, February 14, 2025	New Motor Vehicle Sales: 7:30am	Dec	Motor vehicle sales declined to 135,500 in December from 161,500 in November.	Motor vehicle sales declined in November to 160,900 from 164,800 in October.
Tuesday, February 11, 2025	Building Permits: 8:30am	Dec	The total value of building permits rose 11.0% to $13.1 billion in December.	The total value of building permits issued in Canada decreased by $739.5 million (-5.9%) to $11.7 billion in November.
Friday, February 7, 2025	Labour Force Survey: 8:30am	Jan	Employment increased by 76,000 (+0.4%) in January and the unemployment rate declined 0.1 percentage points to 6.6%.	Employment rose by 91,000 (+0.4%) in December. The unemployment rate declined 0.1 percentage points to 6.7%.
Thursday, February 6, 2025	IVEY Purchasing Managers Index: 10:00am	Jan	The index backed off sharply last month to 47.1 from 54.7 in December and from 56.5 in January 2024.	The index moved ahead to 54.7 in December, from 52.3 in November, well off the 56.3 reading of December 2023.
Wednesday, February 5, 2025	Canadian International Merchandise Trade: 8:30am	Dec	In December, Canada's merchandise exports increased 4.9% and imports were up 2.3%. As a result, Canada's merchandise trade balance with the world went from a deficit of $986 million in November to a surplus of $708 million in December.	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.
Monday, February 3, 2025	Markit Canada Manufacturing PMI 9:30 a.m.	Jan	The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) fell to 51.6 in January from 52.2 in December. Still, it was the fifth straight month above the 50.0 no-change mark. A reading above 50 indicates expansion in the sector.	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.