Canada: Retail Sales to rise 0.4% - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are looking for Canada’s retail sales to rise 0.4% on the strength of motor vehicles, which should provide a tailwind to an otherwise lackluster report.

Key Quotes

“This should leave ex. auto sales little changed on the heels of a 0.9% m/ m advance in July. Gasoline station sales will be a slight drag on growth owing to lower prices at the pump while building material sales should suffer from a slowdown in residential construction.”

“Real retail sales should see more modest gains on higher consumer prices, which fits with a slower pace of household consumption on the heels of unchanged retail volumes in July and a sharp pullback in import activity.”

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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