Forex Flash: Canada Retail Sales to rise on iPhone 5, employment and confidence – TD Securities

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FXstreet.com (Barcelona) - September retail sales in Canada are the market driver of the week for the Loonie, and TD Securities analysts are "looking for Sept retail sales to have increased by 0.6% M/M (consensus +0.5%), marking the third consecutive monthly gain and providing the third quarter with a 0.7% gain". The ex-autos component should rise by 0.6% as the "strength expected elsewhere in the report reflects higher prices at the pump, the launch of the iPhone 5 midmonth, a bounce in employment, and a sharp rebound in consumer confidence", they wrote.



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This article appears in: Investing , Forex and Currencies

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