Quotes from Capital Economics:
- We estimate that Canadian retail sales (13.30 GMT) declined by 0.7% m/m in December.
- While sales at motor vehicle dealerships probably rose slightly, sales at clothing, electronic and general merchandise stores probably fell sharply, after strong gains in Nov. Those gains largely reflected the effects of unseasonably cold and snowy weather, as well as releases of popular electronic products.
- Finally, the sharp decline in gasoline prices should have been a sizeable drag.
