Market Foсus

On Thursday, December 21, 2017, it is worthwhile to focus on the data on the retail sales index, the amount of retail sales in Canada. The base retail sales index measures all sold goods of different types of retail trade except auto. These indicators are important indicators of consumer spending and the pace of economic development.

According to the forecast, the base index of retail sales in October will change by 0.0%, against growth in September at the level of 0.1%. The change in the volume of retail sales in October will be 0.0%, which is lower than the previous value at the level of 0.3%. The release of data within the forecast will put pressure on the Canadian currency and the decrease in the range of 30-40 points is expected.

Alexander Sivtsov