Canada: Retail sales likely to post 0.4% increase in February – TDS

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TD Securities analysts are looking for a 0.4% increase in the Canadian retail sales for February, in line with market estimates.

Key Quotes

“Motor vehicle sales should provide the main source of strength on higher preliminary sales, while higher gasoline prices will also a positive contribution. This should leave ex-auto sales to post a more modest 0.2% while volumes should also come in below the nominal print.”

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