CAD: Setting Up for Retail Sales and CPI – TDS
Research Team at TDS, suggests that it appears as though the trend of
Canada’s stronger economic data has finally sputtered out.
Key Quotes
“Following
significant retrenchments in both manufacturing and wholesale sales,
retail sales will likely follow suit in February while CPI inflation
should edge lower on account of a strong base year effect. The
simultaneous release of February retail sales and March CPI will see
markets focus on the former, as the risks surrounding the Q1 estimates
provided in the Bank of Canada’s April MPR are much higher for growth
than for inflation which already has two month of data baked into the
forecast.”
