Canadian Retail Sales Ex Autos MoM (Feb) M/M 0.5% vs. Exp. 0.8% (Prev. 0.8%, Low. 0.4%, High. 1.0%)
The Canadian retail sales data for February came in at 0.5% month-over-month, missing expectations of 0.8% and confirming the previous month's growth of the same rate.
Iran Foreign Minister Araghchi will begin trip to Islamabad, Muscat, and Moscow on Friday evening April 24th; Will hold bilateral consultations, discuss current developments in the region, and the latest situation regarding the war, via IRNA
Spruce Point announces "strong buy" research opinion on Zoom Communications (ZM)
Canadian Retail Sales Ex Autos MoM (Feb) M/M 0.5% vs. Exp. 0.8% (Prev. 0.8%, Low. 0.4%, High. 1.0%)
No potential borrowers are looking to tap US IG primary market on Friday, according to Bloomberg citing poll of underwriters; Dealers expect c. USD 20bln of sales next week with companies still in the earnings blackout period
There is a possibility Iranian Foreign Minister Araghchi will head to Pakistan once logistics are ready, but meeting will be Pakistani-Iranian one and may occur without meeting the US side, via Al Jazeera journalist
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This miss may signal a weakening in consumer spending momentum, which could prompt analysts to reassess the outlook for Canadian economic growth and monetary policy direction going forward.
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