Canada: Retail sales expected to post a robust advance - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS suggest that Canada's January retail sales are expected to post a robust advance on a combination of higher gasoline prices, stronger auto sales and a pickup in core sales activity following a weak holiday shopping season in December.

Key Quotes

“TD is slightly above the market and looks for a 1.6% m/m gain in headline sales and 1.4% m/m excluding autos (market: 1.5% and 1.3%, respectively). Bank of Canada Deputy Governor Schembri speaks at 15:45 ET on business investment and the economic outlook.”

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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