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Article: A Drop In Canadian Retail Sales Would Conflict With Bullish Eo,e1/4EoLoonieEo,e1/4,Ci Technical Outlook.
- Article from:
- Mena Report
- Article date:
- June 19, 2009
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Canadian retail sales are forecasted to have fallen by 0.1% in April which would be the first decline in four months. Wholesale sales fell for a seventh month in April underlining a weakening of demand. June 19 Canadian Retail Sales (APR)(MoM)(GMT 12:30: 08:30 EDT) Expected: -0.1% Previous: - 0.1% Fundamental Outlook Canadian retail sales are forecasted to have fallen by 0.1% in April which would be the first decline in four months. Wholesale sales fell for a seventh month in April underlining a weakening of demand. Therefore we could see a significant reduction is consumption considering the shrinking inventories. A drop in domestic demand could weigh on the Canadian ...
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