TD Securities analysts note that the Canada’s February CPI and retail sales for January were mixed, as a modest upside surprise on CPI was overshadowed by another pullback in retail sales, feeding into the narrative consumer-led led slowdown. Key Quotes “The combination of further weakness in retail sales alongside weaker core inflation strengthen our conviction that the Bank of Canada is done with rate hikes this cycle.” “Retail sales fell by 0.3% m/m in January (TD/market: 0.4%) for the third consecutive decline and fifth in the last six months, which accompanied downward revisions to December (-0.3% from -0.1%).” “A small upside was realized in February CPI (0.7% m/m, 1.5% y/y), matching our forecast. But as we had flagged, core inflation slipped on average to 1.83% from 1.87%, lending an overall downbeat tone to the report.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Technical Analysis: Bulls showing some resilience near 200-hour SMA FX Street 4 years TD Securities analysts note that the Canada's February CPI and retail sales for January were mixed, as a modest upside surprise on CPI was overshadowed by another pullback in retail sales, feeding into the narrative consumer-led led slowdown. Key Quotes "The combination of further weakness in retail sales alongside weaker core inflation strengthen our conviction that the Bank of Canada is done with rate hikes this cycle." "Retail sales fell by 0.3% m/m in January (TD/market: 0.4%) for the third consecutive decline and fifth in the last six months, which accompanied downward revisions to December (-0.3% from -0.1%)." "A small… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
