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May Retail Sales Preview - 08:30 EDT....>

CANADA DATA: May Retail Sales Preview - 08:30 EDT
- Retail sales MNI Median +0.3%, prior +0.1%
- Ex-auto sales MNI Median +0.5%, prior +0.1%
- Another weak month for consumers in 2Q may raise questions about breadth of
economic rebound...
- ... BOC is counting on consumers for almost all GDP growth this year
- Auto sales likely weak for a third month, in line with longer trend of sales
falling after years of record highs
- Another distortion may come from volatility in gasoline prices that create gap
between headline figure and underlying volumes that determine GDP

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