Canadian Retail Sales expected to drop in December – Wells Fargo

FXstreet.com (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.”

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