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.
“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.”
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 securities. 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 Forex 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.