Free Trial

Retail Sales Headline Today’s CAD Docket

CANADA
  • Retail sales at 0830ET, with consensus for 0.0% M/M in Sept per the advance release after -0.1% M/M in Aug, whilst ex auto sales are seen dipping -0.1% M/M after +0.1% M/M.
  • Attention should also be on volumes growth after a particularly weak -0.6% M/M back in August.
  • Some analysts look for further weakness in the nominal advance for October. CIBC: “The flash estimate is likely to show a drop in retail sales, albeit mostly driven by lower pump prices during that month.” RBC: “Our own tracking of card transactions is also showing a slowdown in spending on discretionary services (alongside softer retail sales) into October”.
  • Away from retail sales, the October advance for manufacturing sales will be released at the same time (after yesterday's wholesale advance got to a weak start with -1.1% M/M), whilst the Finance Department is expected to release its monthly fiscal monitor at 1100ET.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.