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.

Key Quotes

“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.”

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