jeudi 16 avril 2015
Hope for Canada’s Retail Trade as Gas Prices Rebound
Posted on 22:51 by nice news
Rising prices at gas stations are likely to boost sales and pull February’s retail trade out of the downward trend.
Retail sales are estimated to rise 0.5% during the second month of the year, according to analysts’ consensus, after plummeting 1.7% in January and 2% in December.
Core retail figures, which exclude automobile sales due to their tendency for volatility and potential to distort the underlying trend, are projected to jump 0.7%, after falling 1.8% in January.
Statistics Canada will report fresh retail sales figures on Friday at 1:30pm GMT.
An end to the negative retail trade figures could usher in further support for the Canadian dollar, which was rallying on Wednesday and Thursday, following the Bank of Canada’s (BoC) decision to leave its interest rate untouched at 0.75%.
Retail sales are estimated to rise 0.5% during the second month of the year, according to analysts’ consensus, after plummeting 1.7% in January and 2% in December.
Core retail figures, which exclude automobile sales due to their tendency for volatility and potential to distort the underlying trend, are projected to jump 0.7%, after falling 1.8% in January.
Statistics Canada will report fresh retail sales figures on Friday at 1:30pm GMT.
An end to the negative retail trade figures could usher in further support for the Canadian dollar, which was rallying on Wednesday and Thursday, following the Bank of Canada’s (BoC) decision to leave its interest rate untouched at 0.75%.
Hope for Canada’s Retail Trade as Gas Prices Rebound
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