Canadian Retail Sales YoY (Feb) Y/Y 3.8% (Prev. 1.5%)
The Canadian retail sales increase of 3.8% year-on-year for February significantly beats the previous growth of 1.5%.
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 YoY (Feb) Y/Y 3.8% (Prev. 1.5%)
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 acceleration suggests stronger consumer spending, which could influence monetary policy outlook and strengthen the CAD as traders reassess the growth-inflation dynamics in Canada.
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