Back
22 Jan 2016
CAD: November retail sales and December CPI inflation coming soon - TDS
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.”
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.”