Strategists at TD Securities (TDS) offer a brief preview of a rather busy week in terms of important Canadian macro data, starting with the release of the latest consumer inflation figures on Tuesday.

“We will receive CPI on Tuesday where we expect a sharp deceleration in the y/y measure to 4.3% (prior: 5.2% y/y) reflecting base effects. Housing Starts (out Wednesday) are expected to edge lower from 244k to 235k with declines in both single-family and multi-unit starts. Lastly, we will receive Retail Sales on Friday where we look for a 0.5% contraction (flash estimate: -0.6%).”