1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

CAD: November retail sales and December CPI inflation coming soon - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Delhi) – Research Team at TDS, suggests that the Canadian November retail sales and December CPI inflation hit the wires simultaneously at 830 ET.

    Key Quotes

    “Focus will be tilted toward retail sales for insight into growth for November and Q4, as the inflation report has already been incorporated into the Bank of Canada’s January MPR. TD sees retail sales picking up 0.2% m/m on a headline basis. Weak auto sales will be a drag and the ex. Autos measure should gain 0.4% (consensus 0.2% and 0.4% respectively).

    CPI will continue to face headwinds from declining energy prices in addition to seasonal discounting in retail. TD is in line with consensus and expects headline inflation to fall further to -0.4% m/m though it should pick up 1.7% on a year-ago basis. Core inflation does not look much more promising, with TD looking for –0.3% m/m and +2.0% y/y, in line with consensus.”
    For more information, read our latest forex news.
     

Share This Page