Canadian Retail Sales expected to drop in December – Wells Fargo (Barcelona) - After posting gains for four consecutive months, Canadian Retail Sales are expected to show a decline in December. The Wells Fargo team of analysts point to a 0.2% fall.

According to the experts “given the slowing momentum in Canadian consumer spending, it is hard to hold out hope for a fifth straight increase in retail sales.” They also add that the ongoing crisis in the Eurozone as well as slow economic activity in the US requires from Canada to base on “domestic demand to sustain the economic expansion there.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.