Analysts at TD Securities are expecting the Canadian retail sales to increase 0.9% in July. The data will be reported later today at 12:30 GMT.

• “CAD Retail sales are expected to post a 0.9% increase in July, helped by stronger auto sales and higher prices for consumer goods.
• The latter should translate into a more moderate increase in real retail sales although the report should still provide a strong signal for Q3 consumption after a disappointing performance from the Canadian consumer in Q2.”