Week Ahead: Canada Macro Market Movers – TDS
Strategists at TD Securities (TDS) offer a brief preview of a rather busy week in terms of important Canadian macro data, starting with the release of the latest consumer inflation figures on Tuesday.
Key quotes:
“We will receive CPI on Tuesday where we expect a sharp deceleration in the y/y measure to 4.3% (prior: 5.2% y/y) reflecting base effects. Housing Starts (out Wednesday) are expected to edge lower from 244k to 235k with declines in both single-family and multi-unit starts. Lastly, we will receive Retail Sales on Friday where we look for a 0.5% contraction (flash estimate: -0.6%).”