Key Dates for Investors: July 2024

When

What

Why it matters

July 4

Independence Day

U.S. national holiday. U.S. markets will be closed, while Canadian markets will remain open.

July 5

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 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.

July 11

U.S. Bureau of Labour 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 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.

July 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.

July 24

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 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.

July 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.

July 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.