Canadian Wholesale Sales MoM Prel (Mar) M/M 1.3%

The preliminary 1.3% increase in Canadian wholesale sales for March suggests stronger-than-expected demand at the wholesale level, potentially indicating improving consumer spending.

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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 Wholesale Sales MoM Prel (Mar) M/M 1.3%

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 higher print can influence BoC policy discussions, as it may affirm expectations for economic resilience amid broader growth and inflation considerations.

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