Canada: Retail sales and CPI in focus - BBH

Analysts at BBH point out that Canada reports November CPI and October retail sales and the former is expected to rise 2.0% y/y vs. 1.4% in October, while the latter is expected to rise 0.3% m/m vs. 0.1% in September.  

Key Quotes

“Rising price pressures have the markets looking for a 25 bp hike to 1.25% at the next BOC policy meeting January 17.  A small handful of analysts look for steady rates then.”

“During the North American session, the US reports revised Q3 GDP, weekly jobless claims, and November leading index.  Growth is expected to remain steady at 3.3% SAAR.  The claims data are for the week that the NFP survey is taken, and may garner some interest.”