Canada: Retail sales likely to increase 0.3% in May - TDS

Sandeep Kanihama FXStreet Contributor

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.

Key Quotes

“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.”

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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