In view of analysts at National Bank Financial, for the Canadian economy, this week will provide some valuable information about economic activity in December with the release of retail sales.
“We expect both headline and ex-auto sales to have retraced in the month, reflecting poor auto sales and a slump in gasoline prices which likely hit gasoline station receipts.”
“We’ll also keep an eye on the release of wholesale trade sales for December. A speech at the Chamber of Commerce of Metropolitan Montreal by Bank of Canada Governor Stephen Poloz is also scheduled on Thursday.”
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 assets. 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 Open Markets 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.