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July Retail Sales Preview-- Friday 8:30 EST

CANADA DATA
MNI (Ottawa)
  • MNI Median +0.7% vs. prior surprise of +23.7%.
  • Statistics Canada gave a +0.7% flash estimate for July.
  • MNI Median +0.5% ex-auto sales vs. prior +15.7%.
  • Retail sales in June moved 1.3% higher than pre-COVID level.
  • Auto sales expected to contribute the most to the July retails, and home improvement goods expected to rise on housing gains.
  • Likely volatility around recreational services, tourism and restaurants during economic re-opening.
MNI Ottawa Bureau | +1 613-981-1671 | anahita.alinejad.ext@marketnews.com

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