Analysts at TD Securities point out that the Canadian retail sales for May are the lone data release heading into the weekend and will be a key economic release for the day.
“TD looks for a 0.3% increase in line with the market consensus, as a pullback in motor vehicle sales weighs on a 0.6% increase in the ex-autos measure (market: 0.4%). After a 0.3% (sa) increase in consumer prices for May, this should leave real retail sales little changed on the month, consistent with some moderation in household consumption after a robust Q1.”
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 assets. 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 Open Markets 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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.