Canada: Retail sales likely to rise by 0.5% – TDS

Analysts at TD Securities are expecting the Canadian retail sales are expected to rise by 0.5% (TD & market) on the combination of stronger motor vehicle sales and a 0.3% increase in the ex-autos print.

Key Quotes

“Real retail sales should rise in line with the nominal print, owing to largely unchanged consumer prices, which will provide a solid start for Q4 consumption after a muted handoff from the 0.1% decline in retail volumes for September. New house prices for October will be released alongside retail sales with the market looking for a 0.1% m/m increase.”