Canada: A bumpy ride for retailers that is going sideways – CIBC – by MSalordFX Canada RetailSales Banks BOC
at CIBC point out that some of the detail wasn't as encouraging, and the underlying trend still shows retail sales moving broadly sideways in volume terms. They expected the Bank of Canada to hike interest“On a more positive note, the advance estimate for December showed a gain in overall sales of 0.5%, which should look even better in volume terms given the sharp decline in gasoline prices that was seen during the month.
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