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Canadian Economic Calendar - July 2025

DateStatisticForCurrent MonthPrevious Month
Wednesday, July 2, 2025Markit Canada Manufacturing PMI 9:30 a.m. JuneThe S&P Global Canada Manufacturing PMI fell to 45.6 in June of 2025 from 46.1 in the previous month, still pointing to a fifth successive deterioration in factory activity, pressured by the steepest contraction in output for over five years and another sharp decline in new orders.The index rose to 46.1 in May of 2025 from 45.3 in the previous month
Thursday, July 3, 2025Canadian International Merchandise Trade: 8:30amMayIn May, Canada's merchandise exports were up 1.1%, while imports fell 1.6%. As a result, Canada's merchandise trade deficit with the world narrowed from a record $7.6 billion in April to $5.9 billion in May.In April, Canada's merchandise exports dropped 10.8%, while imports fell 3.5%. As a result, Canada's merchandise trade deficit with the world widened from $2.3 billion in March to $7.1 billion in April. This was the largest deficit on record.
Tuesday, July 8, 2025IVEY Purchasing Managers Index: 10:00amJune---The index registered at 48.9 in May, down from a 47.9 reading in April, and way off the 52,0 level in May 2024.
Friday, July 11, 2025Labour Force Survey: 8:30amJune---Employment was little changed in May (+8,800; +0.0%) and the employment rate held steady at 60.8%. The unemployment rate rose 0.1 percentage points to 7.0%.
Friday, July 11, 2025Building Permits: 8:30amMay---In April, the total value of building permits issued in Canada decreased by $829.6 million (-6.6%) to $11.7 billion.
Monday, July 14, 2025Wholesale Trade: 8:30amMay---Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 2.3% to $84.0 billion in April.
Tuesday, July 15, 2025New Motor Vehicle Sales: 7:30amMay---Statistics Canada reported 195,659 new motor vehicles were sold in Canada in April, increasing 11.3% from one year earlier. Gains were widespread, with all provinces observing a higher number of units sold. April 2025 represented the month with the highest sales on record in dollar terms, at nearly $10.8 billion.
Tuesday, July 15, 2025Monthly Survey of Manufacturing: 8:30amMay---Manufacturing sales decreased 2.8% in April, the third consecutive monthly decline, driven largely on lower sales of petroleum and coal products, motor vehicles, and primary metals. Excluding the petroleum and coal product subsector, total manufacturing sales were down 1.8%.
Tuesday, July 15, 2025Housing Starts: 8:15amJune---The six-month trend in housing starts was flat (0.8%) in May (243,407 units), according to Canada Mortgage and Housing Corporation (CMHC).
Tuesday, July 15, 2025Consumer Price Index: 8:30amJune---CPI rose 1.7% on a year-over-year basis in May, matching the 1.7% increase in April. On a monthly basis, the CPI rose 0.6% in May. On a seasonally adjusted monthly basis, the CPI was up 0.2%.
Wednesday, July 16, 2025CREAstats - MLS Sales: 8:30amJune---The number of home sales recorded over Canadian MLS® Systems climbed 3.6% between April and May 2025, marking the first gain in activity since last November.
Thursday, July 17, 2025Canada's International Transactions in Securities: 8:30amMay---Canadian investors acquired $4.1 billion of foreign securities in April, led by the highest investment in US government bonds since November 2023. Meanwhile, foreign investors reduced their exposure to Canadian securities by $9.4 billion in April 2025, led by the highest monthly divestment in Canadian bonds since December 2018.
Monday, July 21, 2025Industrial Product Price Index: 8:30amJune---In May, the Industrial Product Price Index declined 0.5% month over month and increased 1.2% year over year.
Monday, July 21, 2025Raw Materials Price Index: 8:30amJune---The index fell 0.4% month over month and declined 2.8% year over year.
Wednesday, July 23, 2025New Housing Price Index: 8:30amJune---The Index month-over-month decreased by 0.20 percent in May from -0.40 percent in April.
Thursday, July 24, 2025Retail Trade: 8:30amMay---Retail sales increased 0.3% to $70.1 billion in April. Sales were up in six of nine subsectors and were led by increases at motor vehicle and parts dealers.
Wednesday, July 30, 2025BoC Interest Rate Decision: 9:45amJuly---The Bank of Canada on Wednesday held its key benchmark rate at 2.75%, citing the need to probe the effects of U.S. trade policy, but said another cut might be necessary if the economy weakened in the face of tariffs.
Thursday, July 31, 2025Payroll 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—was little changed in April (-6,200), following two consecutive declines in February and March.
Thursday, July 31, 2025GDP: 8:30amMay---Real gross domestic product edged down 0.1% in April, driven in large part by declines in the manufacturing and wholesale trade sectors.
  • Markit Canada Manufacturing PMI 9:30 a.m.

    Wednesday, July 2, 2025

    For: June

    Current Month:
    The S&P Global Canada Manufacturing PMI fell to 45.6 in June of 2025 from 46.1 in the previous month, still pointing to a fifth successive deterioration in factory activity, pressured by the steepest contraction in output for over five years and another sharp decline in new orders.

    Previous Month:
    The index rose to 46.1 in May of 2025 from 45.3 in the previous month
  • Canadian International Merchandise Trade: 8:30am

    Thursday, July 3, 2025

    For: May

    Current Month:
    In May, Canada's merchandise exports were up 1.1%, while imports fell 1.6%. As a result, Canada's merchandise trade deficit with the world narrowed from a record $7.6 billion in April to $5.9 billion in May.

    Previous Month:
    In April, Canada's merchandise exports dropped 10.8%, while imports fell 3.5%. As a result, Canada's merchandise trade deficit with the world widened from $2.3 billion in March to $7.1 billion in April. This was the largest deficit on record.
  • IVEY Purchasing Managers Index: 10:00am

    Tuesday, July 8, 2025

    For: June

    Current Month:
    ---

    Previous Month:
    The index registered at 48.9 in May, down from a 47.9 reading in April, and way off the 52,0 level in May 2024.
  • Labour Force Survey: 8:30am

    Friday, July 11, 2025

    For: June

    Current Month:
    ---

    Previous Month:
    Employment was little changed in May (+8,800; +0.0%) and the employment rate held steady at 60.8%. The unemployment rate rose 0.1 percentage points to 7.0%.
  • Building Permits: 8:30am

    Friday, July 11, 2025

    For: May

    Current Month:
    ---

    Previous Month:
    In April, the total value of building permits issued in Canada decreased by $829.6 million (-6.6%) to $11.7 billion.
  • Wholesale Trade: 8:30am

    Monday, July 14, 2025

    For: May

    Current Month:
    ---

    Previous Month:
    Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 2.3% to $84.0 billion in April.
  • New Motor Vehicle Sales: 7:30am

    Tuesday, July 15, 2025

    For: May

    Current Month:
    ---

    Previous Month:
    Statistics Canada reported 195,659 new motor vehicles were sold in Canada in April, increasing 11.3% from one year earlier. Gains were widespread, with all provinces observing a higher number of units sold. April 2025 represented the month with the highest sales on record in dollar terms, at nearly $10.8 billion.
  • Monthly Survey of Manufacturing: 8:30am

    Tuesday, July 15, 2025

    For: May

    Current Month:
    ---

    Previous Month:
    Manufacturing sales decreased 2.8% in April, the third consecutive monthly decline, driven largely on lower sales of petroleum and coal products, motor vehicles, and primary metals. Excluding the petroleum and coal product subsector, total manufacturing sales were down 1.8%.
  • Housing Starts: 8:15am

    Tuesday, July 15, 2025

    For: June

    Current Month:
    ---

    Previous Month:
    The six-month trend in housing starts was flat (0.8%) in May (243,407 units), according to Canada Mortgage and Housing Corporation (CMHC).
  • Consumer Price Index: 8:30am

    Tuesday, July 15, 2025

    For: June

    Current Month:
    ---

    Previous Month:
    CPI rose 1.7% on a year-over-year basis in May, matching the 1.7% increase in April. On a monthly basis, the CPI rose 0.6% in May. On a seasonally adjusted monthly basis, the CPI was up 0.2%.
  • CREAstats - MLS Sales: 8:30am

    Wednesday, July 16, 2025

    For: June

    Current Month:
    ---

    Previous Month:
    The number of home sales recorded over Canadian MLS® Systems climbed 3.6% between April and May 2025, marking the first gain in activity since last November.
  • Canada's International Transactions in Securities: 8:30am

    Thursday, July 17, 2025

    For: May

    Current Month:
    ---

    Previous Month:
    Canadian investors acquired $4.1 billion of foreign securities in April, led by the highest investment in US government bonds since November 2023. Meanwhile, foreign investors reduced their exposure to Canadian securities by $9.4 billion in April 2025, led by the highest monthly divestment in Canadian bonds since December 2018.
  • Industrial Product Price Index: 8:30am

    Monday, July 21, 2025

    For: June

    Current Month:
    ---

    Previous Month:
    In May, the Industrial Product Price Index declined 0.5% month over month and increased 1.2% year over year.
  • Raw Materials Price Index: 8:30am

    Monday, July 21, 2025

    For: June

    Current Month:
    ---

    Previous Month:
    The index fell 0.4% month over month and declined 2.8% year over year.
  • New Housing Price Index: 8:30am

    Wednesday, July 23, 2025

    For: June

    Current Month:
    ---

    Previous Month:
    The Index month-over-month decreased by 0.20 percent in May from -0.40 percent in April.
  • Retail Trade: 8:30am

    Thursday, July 24, 2025

    For: May

    Current Month:
    ---

    Previous Month:
    Retail sales increased 0.3% to $70.1 billion in April. Sales were up in six of nine subsectors and were led by increases at motor vehicle and parts dealers.
  • BoC Interest Rate Decision: 9:45am

    Wednesday, July 30, 2025

    For: July

    Current Month:
    ---

    Previous Month:
    The Bank of Canada on Wednesday held its key benchmark rate at 2.75%, citing the need to probe the effects of U.S. trade policy, but said another cut might be necessary if the economy weakened in the face of tariffs.
  • Payroll Employment, Earnings and Hours: 8:30am

    Thursday, July 31, 2025

    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—was little changed in April (-6,200), following two consecutive declines in February and March.
  • GDP: 8:30am

    Thursday, July 31, 2025

    For: May

    Current Month:
    ---

    Previous Month:
    Real gross domestic product edged down 0.1% in April, driven in large part by declines in the manufacturing and wholesale trade sectors.