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Key Dates for Investors: January 2024
Written by The Inspired Investor team | Published on January 18, 2024
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Every month, we look ahead to the important dates, deadlines, announcements and more that investors need to know about. Here are some key upcoming events to keep on your radar and help you make stronger investment decisions.
Your economic calendar for January 2024
When |
What |
Why it matters |
|
Jan. 1 |
New Years Day |
Federal holiday in Canada and the U.S. Canadian and U.S. markets will be closed. |
|
Jan. 5 |
Statistics Canada Labour Force Survey |
This survey, which measures the state of the Canadian labour market, is used to measure employment and unemployment rates. This data can hint at productivity, consumer spending, and the overall health and direction of the Canadian economy. |
|
Jan. 5 |
U.S. Bureau of Labour Statistics jobs data |
This report details U.S. unemployment, employment, work hours and more. The data can hint at productivity levels, consumer spending, and the overall health and direction of the American economy. |
|
Jan. 11 |
U.S. Bureau of Labor Statistics inflation data |
This monthly update to the Consumer Spending Index (CPI) inflation numbers can give you insights about inflation, cost of living and spending power in the U.S. Inflation impacts consumer spending, which in turn affects corporate profits. |
| Jan. 16 |
Canada Mortgage and Housing Corporation (CHMC) housing data |
This monthly report covers Canadian housing starts and other construction data. New home construction can be considered an indicator of citizens' spending power and the overall health and direction of the Canadian economy. |
|
Jan. 16 |
Statistics Canada inflation data |
This monthly update to the Consumer Spending Index (CPI) inflation numbers can give you insights about inflation, cost of living and spending power in Canada. Inflation impacts consumer spending, which in turn affects corporate profits. |
|
Jan. 25 |
Bank of Canada rate decision |
The Bank of Canada increases interest rates to slow inflation — while lowering rates can encourage economic growth. Policy interest rate decisions can have an immediate and significant impact on markets (and your investments). |
|
Jan. 30 |
U.S. Federal Housing Finance Agency housing data |
This monthly report measures changes in U.S. single-family home prices. Home prices can be considered an indication of citizens' spending power and the overall health and direction of the American economy. |
|
Jan. 30-31 |
U.S. Federal Reserve rate meeting and decision |
The Federal Reserve increases interest rates to slow inflation— while lowering rates can encourage economic growth. Policy interest rate decisions can have an immediate and significant impact on markets (and your investments) on both sides of the border. |
|
Jan. 31 |
Statistics Canada monthly GDP report |
Unlike StatCan's quarterly gross domestic product (GDP) report, which can tell investors about the overall health of the Canadian economy, this report lists GDP by industry. |
Plus, three things to know this month:
1. Are You Prepared for The Next Stage of the Market Cycle?
2. 4 Big Investing Stories to Watch for in 2024
3. 5 Investing Lessons to Take into 2024
For more, check out the full Earnings & Events Calendar.
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