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Canadian Economic Calendar - May 2025

DateStatisticForCurrent MonthPrevious Month
Thursday, May 1, 2025Markit Canada Manufacturing PMI 9:30 a.m. AprManufacturing in Canada decreased to 45.30 points in April from 46.30 points in March. The index declined to 46.3 from February's 47.8.
Tuesday, May 6, 2025IVEY Purchasing Managers Index: 10:00amApr---The index registered at 51.3 in March, well off from a February level of 55.3, and from 57.5 in March 2024
Tuesday, May 6, 2025Canadian International Merchandise Trade: 8:30amMar---In February, Canada's merchandise exports decreased 5.5%, while imports were up 0.8%. As a result, Canada's merchandise trade balance with the world went from a surplus of $3.1 billion in January to a deficit of $1.5 billion in February.
Friday, May 9, 2025Labour Force Survey: 8:30amApr---Employment fell by 33,000 (-0.2%) in March and the employment rate declined 0.2 percentage points to 60.9%. The unemployment rate rose 0.1 percentage points to 6.7%.
Wednesday, May 14, 2025Building Permits: 8:30amMar---In February, the total value of building permits issued in Canada increased by $371.3 million (+2.9%) to $13.1 billion.
Wednesday, May 14, 2025New Motor Vehicle Sales: 7:30amMar---New motor vehicle sales totalled 125,402 units in February 2025, a decrease of 8.1% compared to the year prior. This decrease was driven by a year-over-year decline to units sold in Ontario (-13.0%) and Quebec (-22.5%).
Thursday, May 15, 2025CREAstats - MLS Sales: 8:30amApr---National home sales fell 4.8% month-over-month. Actual (not seasonally adjusted) monthly activity came in 9.3% below March 2024.
Thursday, May 15, 2025Wholesale Trade: 8:30amMar---Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 0.3% to $85.7 billion in February.
Thursday, May 15, 2025Monthly Survey of Manufacturing: 8:30amMar---Manufacturing sales rose 0.2% in February, mainly on higher sales of primary metals and chemical products. Meanwhile, sales in the petroleum and coal product subsector declined the most.
Thursday, May 15, 2025Housing Starts: 8:15amApr---The total monthly SAAR of housing starts for all areas in Canada decreased 3.3% in March (214,155 units) compared to February (221,405 units). Actual housing starts were down 12.5% year-over-year in centres with a population of 10,000 or greater, with 14,924 units recorded in March, compared to 17,052 in March 2024
Friday, May 16, 2025Canada's International Transactions in Securities: 8:30amMar---Canadian investors acquired $27.2 billion of foreign securities in February, led by a record investment in US equity securities, which more than offset the significant divestment in these instruments in January. Meanwhile, foreign investors reduced their exposure to Canadian securities by $6.5 billion.
Tuesday, May 20, 2025Consumer Price Index: 8:30amApr---The Consumer Price Index (CPI) rose 2.3% on a year-over-year basis in March, down from a 2.6% increase in February. On a seasonally adjusted monthly basis, the CPI was unchanged in March.
Wednesday, May 21, 2025New Housing Price Index: 8:30amApr---The index was unchanged in March, on a month-to -month basis, compared with a 0.1% rise in the prior-year month.
Thursday, May 22, 2025Industrial Product Price Index: 8:30amApr---In March, the Industrial Product Price Index rose 0.5% month over month in and increased 4.7% year over year.
Thursday, May 22, 2025Raw Materials Price Index: 8:30amApr---The Raw Materials Price Index declined 1.0% month over month in and grew 3.9% year over year.
Friday, May 23, 2025Retail Trade: 8:30amMar---Retail sales decreased 0.4% to $69.3 billion in February. Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealers.
Thursday, May 29, 2025Payroll Employment, Earnings and Hours: 8:30amMar---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 49,000 (-0.3%) in February, following an increase of 14,400 (+0.1%) in January. On a year-over-year basis, payroll employment was up 124,300 (+0.7%) in February.
Friday, May 30, 2025GDP: 8:30amMar---Real gross domestic product was down 0.2% in February, driven by decreases in both goods-producing and services-producing industries.
Wednesday, June 4, 2025BoC Interest Rate Decision: 10:00amJune---The Bank of Canada held its benchmark interest rate steady at 2.75% on Wednesday, ending a run of seven consecutive cuts.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Thursday, May 1, 2025

    For: Apr

    Current Month:
    Manufacturing in Canada decreased to 45.30 points in April from 46.30 points in March.

    Previous Month:
    The index declined to 46.3 from February's 47.8.
  • IVEY Purchasing Managers Index: 10:00am

    Tuesday, May 6, 2025

    For: Apr

    Current Month:
    ---

    Previous Month:
    The index registered at 51.3 in March, well off from a February level of 55.3, and from 57.5 in March 2024
  • Canadian International Merchandise Trade: 8:30am

    Tuesday, May 6, 2025

    For: Mar

    Current Month:
    ---

    Previous Month:
    In February, Canada's merchandise exports decreased 5.5%, while imports were up 0.8%. As a result, Canada's merchandise trade balance with the world went from a surplus of $3.1 billion in January to a deficit of $1.5 billion in February.
  • Labour Force Survey: 8:30am

    Friday, May 9, 2025

    For: Apr

    Current Month:
    ---

    Previous Month:
    Employment fell by 33,000 (-0.2%) in March and the employment rate declined 0.2 percentage points to 60.9%. The unemployment rate rose 0.1 percentage points to 6.7%.
  • Building Permits: 8:30am

    Wednesday, May 14, 2025

    For: Mar

    Current Month:
    ---

    Previous Month:
    In February, the total value of building permits issued in Canada increased by $371.3 million (+2.9%) to $13.1 billion.
  • New Motor Vehicle Sales: 7:30am

    Wednesday, May 14, 2025

    For: Mar

    Current Month:
    ---

    Previous Month:
    New motor vehicle sales totalled 125,402 units in February 2025, a decrease of 8.1% compared to the year prior. This decrease was driven by a year-over-year decline to units sold in Ontario (-13.0%) and Quebec (-22.5%).
  • CREAstats - MLS Sales: 8:30am

    Thursday, May 15, 2025

    For: Apr

    Current Month:
    ---

    Previous Month:
    National home sales fell 4.8% month-over-month. Actual (not seasonally adjusted) monthly activity came in 9.3% below March 2024.
  • Wholesale Trade: 8:30am

    Thursday, May 15, 2025

    For: Mar

    Current Month:
    ---

    Previous Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 0.3% to $85.7 billion in February.
  • Monthly Survey of Manufacturing: 8:30am

    Thursday, May 15, 2025

    For: Mar

    Current Month:
    ---

    Previous Month:
    Manufacturing sales rose 0.2% in February, mainly on higher sales of primary metals and chemical products. Meanwhile, sales in the petroleum and coal product subsector declined the most.
  • Housing Starts: 8:15am

    Thursday, May 15, 2025

    For: Apr

    Current Month:
    ---

    Previous Month:
    The total monthly SAAR of housing starts for all areas in Canada decreased 3.3% in March (214,155 units) compared to February (221,405 units). Actual housing starts were down 12.5% year-over-year in centres with a population of 10,000 or greater, with 14,924 units recorded in March, compared to 17,052 in March 2024
  • Canada's International Transactions in Securities: 8:30am

    Friday, May 16, 2025

    For: Mar

    Current Month:
    ---

    Previous Month:
    Canadian investors acquired $27.2 billion of foreign securities in February, led by a record investment in US equity securities, which more than offset the significant divestment in these instruments in January. Meanwhile, foreign investors reduced their exposure to Canadian securities by $6.5 billion.
  • Consumer Price Index: 8:30am

    Tuesday, May 20, 2025

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Consumer Price Index (CPI) rose 2.3% on a year-over-year basis in March, down from a 2.6% increase in February. On a seasonally adjusted monthly basis, the CPI was unchanged in March.
  • New Housing Price Index: 8:30am

    Wednesday, May 21, 2025

    For: Apr

    Current Month:
    ---

    Previous Month:
    The index was unchanged in March, on a month-to -month basis, compared with a 0.1% rise in the prior-year month.
  • Industrial Product Price Index: 8:30am

    Thursday, May 22, 2025

    For: Apr

    Current Month:
    ---

    Previous Month:
    In March, the Industrial Product Price Index rose 0.5% month over month in and increased 4.7% year over year.
  • Raw Materials Price Index: 8:30am

    Thursday, May 22, 2025

    For: Apr

    Current Month:
    ---

    Previous Month:
    The Raw Materials Price Index declined 1.0% month over month in and grew 3.9% year over year.
  • Retail Trade: 8:30am

    Friday, May 23, 2025

    For: Mar

    Current Month:
    ---

    Previous Month:
    Retail sales decreased 0.4% to $69.3 billion in February. Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealers.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, May 29, 2025

    For: Mar

    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 49,000 (-0.3%) in February, following an increase of 14,400 (+0.1%) in January. On a year-over-year basis, payroll employment was up 124,300 (+0.7%) in February.
  • GDP: 8:30am

    Friday, May 30, 2025

    For: Mar

    Current Month:
    ---

    Previous Month:
    Real gross domestic product was down 0.2% in February, driven by decreases in both goods-producing and services-producing industries.
  • BoC Interest Rate Decision: 10:00am

    Wednesday, June 4, 2025

    For: June

    Current Month:
    ---

    Previous Month:
    The Bank of Canada held its benchmark interest rate steady at 2.75% on Wednesday, ending a run of seven consecutive cuts.