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Friday's Canada Retail Sales to Inform on Q3 Momentum, Says Scotiabank

BY MT Newswires | ECONOMIC | 09/19/25 07:58 AM EDT

07:58 AM EDT, 09/19/2025 (MT Newswires) -- Canada will release the retail sales for data for July and give an advance estimate for August at 8:30 a.m. ET on Friday, said Scotiabank.

Canadian retail sales are expected to be weak after the prior month's surge, but with minimal effect on July gross domestic product due out next week, along with the August GDP flash, noted the bank.

Statistics Canada had guided back on Aug. 22 that July sales fell 0.8% month over month in nominal terms and Friday could bring revisions and details like volumes versus price effects, stated Scotiabank.

The first read on August is likely to be more important, added the bank.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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