Canadian Retail Sales MoM Prel (Feb) M/M 0.9% (Prev. 1.5%)
The preliminary Canadian retail sales figure for February shows a 0.9% month-over-month increase, down from January's stronger 1.5% gain.
IEA Head says even if the ward ends soon “it will take a long time to have oil and gas rehabilitated. It will be six months for some [sites] to be operational, others much longer”, FT reports
Fed Governor Waller said he thought he would be dissenting after the last jobs report, but Iran conflict changed things; now expects labour force growth to be close to zero, which changes the breakeven level of job growth
Canadian Retail Sales MoM Prel (Feb) M/M 0.9% (Prev. 1.5%)
Spain announces EUR 5bln aid package to curb impact of Iran war (confirms earlier reports)
US BROKER MOVES: ARM double upgraded at HSBC; MOS downgraded at BofA
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This miss relative to prior performance might suggest a cooling in consumer spending, which could influence the outlook for monetary policy and the Canadian dollar's positioning in the FX market.
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