Canadian Retail Sales MoM Prel (Mar) M/M 0.6% (Prev. 0.9%)
The preliminary March data for Canadian retail sales printed at 0.6%, which is a slowdown from the previous 0.9%.
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 MoM Prel (Mar) M/M 0.6% (Prev. 0.9%)
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 trend may signal a cooling in consumer spending, potentially influencing the BoC's monetary policy outlook and the Canadian dollar's performance, particularly if the trend continues in subsequent months.
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