On Friday, Statistics Canada will release Retail Sales figures for June. Previewing this data, “retail sales are forecast to rise by another 19% in June, building on a similar increase from May,” noted TD Securities analysts. Key quotes “This is below the early tracking from StatCan for a 24.5% increase and would leave total sales 2.5% below year-ago levels, putting Canada slightly behind the US recovery (+1.1% y/y). Motor vehicles should once again drive the headline print on another large increase in auto sales, leaving the ex-autos measure up 13.5%.” “Google mobility data has shown a steady increase in time spent at retail locations in June, which should support broad strength among core components like apparel and general merchandise, although monthly grocery purchases remain well above pre-COVID levels even after a 12.5% drop from March.” “Real retail sales should see a (slightly) smaller increase, owing to a 1.3% increase in consumer goods prices.” 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 Silver’s right tail underpinned by investor demand, but technically over-stretched FX Street 2 years On Friday, Statistics Canada will release Retail Sales figures for June. Previewing this data, "retail sales are forecast to rise by another 19% in June, building on a similar increase from May," noted TD Securities analysts. Key quotes "This is below the early tracking from StatCan for a 24.5% increase and would leave total sales 2.5% below year-ago levels, putting Canada slightly behind the US recovery (+1.1% y/y). Motor vehicles should once again drive the headline print on another large increase in auto sales, leaving the ex-autos measure up 13.5%." "Google mobility data has shown a steady increase in time… 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.
