Analysts at TD Securities suggest Canada’s retail sales will provide the final update on growth conditions for June ahead of Q2 national accounts on August 30.

• “TD looks for a 0.1% decline, as a pullback in motor vehicle sales offsets strength in core measures (ex. auto: +0.1%). Volumes should post a more substantial decline, leaving them slightly lower for Q2 as a whole, consistent with a deceleration in household consumption from Q1.”