In the view of the analysts at TD Securities, the Canadian Retail Sales are expected to increase in July. The data will be reported later today at 1230 GMT.
Key Quotes:
“CAD Retail sales are expected to post a 0.9% increase in July, helped by stronger auto sales and higher prices for consumer goods.
The latter should translate into a more moderate increase in real retail sales although the report should still provide a strong signal for Q3 consumption after a disappointing performance from the Canadian consumer in Q2.”
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