Baystreet.ca – Canadian Economic Calendar

Date Statistic For Current Month Previous Month

Monday, March 3, 2025 Markit Canada Manufacturing PMI 9:30 a.m. Feb The S&P Global Canada Manufacturing PMI fell to 47.8 in February of 2025 from 51.6 in the previous month, contrasting sharply with market expectations of 51.9 to mark the first decline in factory activity since August of last year. 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.

Thursday, March 6, 2025 IVEY Purchasing Managers Index: 10:00am Feb The index sprang in February to 55.3 from 47.1 in January and from 53.9 in February 2024. The index backed off sharply last month to 47.1 from 54.7 in December and from 56.5 in January 2024.

Thursday, March 6, 2025 Canadian International Merchandise Trade: 8:30am Jan Canada’s merchandise exports increased 5.5% while imports were up 2.3%. Canada’s merchandise trade surplus with the world widened from a revised $1.7 billion in December to $4.0 billion in January. This was the largest surplus since May 2022. 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.

Friday, March 7, 2025 Labour Force Survey: 8:30am Feb Employment was virtually unchanged in February (+1,100; +0.0%) and the employment rate held steady at 61.1%. The unemployment rate was unchanged at 6.6%. Employment increased by 76,000 (+0.4%) in January and the unemployment rate declined 0.1 percentage points to 6.6%.

Wednesday, March 12, 2025 BoC Interest Rate Decision: 10:00am Mar The Bank of Canada reduced its benchmark interest rate by 25 basis points on Wednesday, the seventh consecutive cut, bringing its policy rate to 2.75%. 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%

Thursday, March 13, 2025 Building Permits: 8:30am Jan — The total value of building permits rose 11.0% to $13.1 billion in December.

Friday, March 14, 2025 Wholesale Trade: 8:30am Jan — Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 0.2% to $83.6 billion in December.

Friday, March 14, 2025 New Motor Vehicle Sales: 7:30am Jan — Motor vehicle sales declined to 135,500 in December from 161,500 in November.

Friday, March 14, 2025 Monthly Survey of Manufacturing: 8:30am Jan — Manufacturing sales rose 0.3% in December, driven primarily by higher sales of petroleum and coal as well as food products.

Monday, March 17, 2025 Housing Starts: 8:15am Feb — Housing starts in January totaled 239,700, compared to 232,500 in the prior-year month.

Monday, March 17, 2025 Canada’s International Transactions in Securities: 8:30am Jan — 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.

Monday, March 17, 2025 CREAstats – MLS Sales: 8:30am Feb — National home sales fell 3.3% month-over-month. Actual (not seasonally adjusted) monthly activity came in 2.9% above January 2024.

Tuesday, March 18, 2025 Consumer Price Index: 8:30am Feb — 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.

Thursday, March 20, 2025 New Housing Price Index: 8:30am Feb — The national index edged down 0.1% on a month-over-month basis in January, following the same decline in the previous month.

Thursday, March 20, 2025 Industrial Product Price Index: 8:30am Feb — The index rose 1.6% month over month in January and increased 5.8% year over year.

Thursday, March 20, 2025 Raw Materials Price Index: 8:30am Feb — The index grew 3.7% on a monthly basis and increased 11.8% year over year.

Friday, March 21, 2025 Retail Trade: 8:30am Jan — 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.

Thursday, March 27, 2025 Payroll Employment, Earnings and Hours: 8:30am Jan — The number of employees receiving pay and benefits from their employer—measured as “payroll employment” in the Survey of Employment, Payrolls and Hours—increased by 25,300 (+0.1%) in December, following a decrease of 14,400 (-0.1%) in November and three consecutive months of little change from August to October.

Friday, March 28, 2025 GDP: 8:30am Jan — Real gross domestic product increased 0.6% in the fourth quarter, after rising 0.5% in the third quarter. Growth in the fourth quarter was driven by higher household final consumption expenditures and increased exports and business investment.