Canada: Retail sales likely to decline in November - TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, Canadian retail sales are projected to decline in November (TD, market: -0.6%) on a combination of weaker auto sales and a sharp pullback in gasoline prices that could shave nearly 0.5pp off the headline print.

Key Quotes

“We look for ex-auto sales to post a 0.4% decline, in line market estimates, while real retail sales should see a more modest pullback.”

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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