- Canada's retail sales likely to increase by 1.4% in March - TDS
Market news
22 May 2019
Canada's retail sales likely to increase by 1.4% in March - TDS
Analysts at TD Securities expect that Canadian retail sales to see a large increase (+1.4%) in March due to a combination of strong motor vehicle sales and a sharp increase in gasoline prices.
- The latter should help to support ex. auto sales, where TD looks for a 1.3% advance. Meanwhile, volumes should underperform the nominal series with a 0.8% advance which would leave them little changed for Q1 as a whole.
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