Canada: Retail sales likely to decline 0.4% in December - TDS

According to analysts at TD Securities, Canada’s December retail sales will give the last update to Q4 GDP tracking ahead of next week's official national accounts data.

Key Quotes

“TD looks for retail activity to end 2018 on a soft note, with a 0.4% decline on both the headline print and ex-auto sales.”

“Real retail sales are likely to post a larger decline than the nominal series due to higher seasonally adjusted prices.”

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