CAD: Setting up for retail sales and CPI – TDS

Research Team at TDS, suggests that it appears as though the trend of Canada’s stronger economic data has finally sputtered out.

Key Quotes

“Following significant retrenchments in both manufacturing and wholesale sales, retail sales will likely follow suit in February while CPI inflation should edge lower on account of a strong base year effect. The simultaneous release of February retail sales and March CPI will see markets focus on the former, as the risks surrounding the Q1 estimates provided in the Bank of Canada’s April MPR are much higher for growth than for inflation which already has two month of data baked into the forecast.”