- Analytics
- News and Tools
- Market News
- Canada: Retail sales will get much worse – RBC Economics
Canada: Retail sales will get much worse – RBC Economics
FXStreet notes that Canadian retail sales increased 0.4% in January. The soft start to 2020 will get much worse as containment measures kick in, Nathan Janzen from the Royal Bank of Canada informs. USD/CAD trades at 1.427.
“That retail sales edged up 0.4% in January will carry little or no weight in markets or from policymakers given the dramatic shock to come.”
“February sales will likely already be impacted to a degree with much larger declines to follow. One exception will be food stores. Online sales also, presumably, could see a boost.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
