CAD: Retail sales to post a moderate 0.4% m/m increase in December - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities is above-consensus for Canada’s retail sales to post a moderate 0.4% m/m increase in December.

Key Quotes

“While a drag from motor vehicles should allow the ex-auto series to post a more buoyant 0.7% gain. Retail sales volumes should show a more modest advance on a volumes basis but still result in a robust annualized quarterly gain of roughly 7% for Q4 as a whole, reinforcing GDP growth expectations near a 2% pace.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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