Canada: Retail Sales to increase 0.9% in July – TD Securities

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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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