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Key Dates for Investors: July 2023
Written by The Inspired Investor Team | Published on June 30, 2023
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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 with confidence.
Your economic calendar for July 2023
When |
What |
Why it matters |
| July 1 | Canada Day |
Canadian national holiday. Canadian markets will be closed the following Monday, July 3, while U.S. markets will remain open. |
| July 4 | Independence Day |
U.S. national holiday. U.S. markets will be closed, while Canadian markets will remain open. |
| July 7 | 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. |
| July 7 | U.S. Bureau of Labor 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. |
| July 12 | 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). |
| July 12 | Bank of Canada's monetary policy 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. |
| July 12 | 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. |
| July 18 | 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. |
| July 18 |
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. |
| July 25 |
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. |
| July 26 |
U.S. Federal Reserve rate 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. |
| July 28 |
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. VIDEO: Get to Know the First Home Savings Account
2. Fixed-Income Investments: Key Benefits and Risks to Know
3. Looking Ahead: How and Why Investors Project Investment Income
For more, check out the full Earnings & Events Calendar.
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