Canadian Retail Sales YoY (Jan) Y/Y 1.5% (Prev. 0%)
Canadian retail sales showing a year-over-year increase of 1.5%, up from the previous 0%, suggests a strengthening consumer environment.
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 YoY (Jan) Y/Y 1.5% (Prev. 0%)
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 beat could have implications for monetary policy, as stronger retail activity may support the case for potential interest rate changes or tighter policy, influencing the CAD in forex markets.
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