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Retail news, articles and videos provide a great way to stay up-to-date on the latest developments in the retail industry. Here you can find information about new products, trends, regulations, and other topics related to retail. From the latest news on store openings, to the newest trends in retail technology, there is something here for anyone interested in the retail industry. Read on to find out more about the most recent retail news, articles and videos.
Taylor Swift may still be in Toronto, but it was the steady stream of economic data that dominated headlines this week. Canadian Consumer Price Index (CPI) inflation was supposed to be the star with a big upwards move in October (Chart 1), but the Federal government’s large pre-election stimulus to support consumer spending took center stage. Retail sales data for September also came in hot, showing that Canadian consumers may have entered a new ‘Era’ of elevated spending. Housing starts data also showed strength in October, likely reacting to the revival happening in the resale market. Financial markets responded by pricing a greater likelihood that the Bank of Canada (BoC) will revert to cutting by 25 bps at its December meeting.
Canada's retail sales rose by 0.4% mom in September to CAD 66.9B, slightly above market expectations of a 0.3% mom increase. Gains were observed in six out of nine subsectors, with food and beverage retailers leading the growth.
The Bank of Canada may have gotten what it wanted: a rebound in consumption growth. Statistics Canada's advance estimate and our internal spending data point to further acceleration in October, particularly in home-related purchases. Additionally, the recent proposed tax holidays could provide a significant boost to consumer spending during the exemption period from mid-December to mid-February. This holiday shopping season may have a bit more sparkle than expected.
GBPUSD dipped below 1.2500 handle and hit new lowest in 6 ½ months on Friday, after disappointing UK October retail sales and November PMI numbers further weakened sterling, adding to worsened geopolitical picture on threats of stronger escalation of war in Ukraine.
The Canadian dollar is lower on Friday. In the North American session, USD/CAD is trading at 1.3998 at the time of writing, up 0.16% on the day. On the data calendar, Canada releases retail sales and the US publishes the services and manufacturing PMIs.
Any digital camera is worth your bucks, but with Canon, you will get high-end photography equipment and excellent customer service. The right retailer is significant to the overall experience, making the ride a bit more enjoyable, helping you navigate through all stages of the buying process and providing continued support in getting the most from […]
"I am committed to Robinhood and our millions of customers who represent the new generation of retail investors," Gallagher said.
The FTSE 100 was firmly on the front foot on Friday, with retail shares shaking off the impact of slow pre-budget retail sales in October. UK retail sales fell 0.7% in October as investors held off making big purchases ahead of the budget. Investors, however, are looking past the soggy sales of October and taking […]