FXStreet (Guatemala) - Analysts at TD Securities explained the key data events for Canada next week. Key Quotes: "Canada September Retail Sales (20 Nov): We are forecasting a 0.8% m/m decline in September retail sales. Much of the weakness is expected to be related to two sectors – gasoline and home furnishing sales. On a seasonally adjusted basis, we are tracking a near 6% m/m decline at the pump. On the other hand, existing home sales plummeted by nearly 4% in September, the worst decline since December last year (when oil began its downward spiral), with weakness widespread across a number of provinces. Autos are expected to be a modest positive but we do see a risk of a negative print following 7 consecutive monthly gains. Excluding this sector still leaves core spending tracking at -0.8% m/m. The food and beverage sector is also biased to the downside after a near 5% gain in alcohol sales. In volume terms, we expect retail sales to contract but not as weak as the nominal headline figure, which nonetheless still points to a drag for industry level GDP. Canada October CPI (20 Nov): Seasonal factors are expected to be moderately positive for the October CPI report, which includes a lift to shelter due to an annual increase in property taxes and clothing (albeit to a much lesser degree). However, we do see a marginal downside risk to our forecast for core CPI to advance by 0.3% m/m given that the recreational basket typically exerts a drag on the index. We see a much more tepid increase in the non-seasonally adjusted all-items index due to a drag from energy prices (which we estimate fell by approximately 3% m/m in October). on a year-ago basis, headline and core inflation are expected to decelerate slightly to 1.0% and 2.0% respectively, but given that the Bank has downplayed the traditional measures of inflation over the past several quarters, we do not expect this to hold much implication for monetary policy." For more information, read our latest forex news.