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Stock impact report

Canada's economic weakness persists in retail, inflation data [Business News Network (BNN) Energy & Resources (Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Canada's economic weakness persists in retail, inflation data Canada’s economy gave no sign of a quick exit from its current soft patch, with data released Friday showing a benign environment for price pressures and tepid consumer spending. Statistics Canada reported a small uptick in inflation from 15-month lows, to 1.5 per cent, but those numbers are still well below the Bank of Canada’s 2 per cent target. A separate report showed retail sales unexpectedly declined in January, reinforcing concerns about consumers paring back. The numbers suggest a relatively soft picture for an economy in the middle of a slowdown, with enough slack to limit any price pressures that could be a source of concern for the Bank of Canada. Retail sales were the big disappointment, underscoring a broader trend of slowing consumption by households as they face higher borrowing costs, moderating housing markets and volatility in financial markets. “Today brought a mixed bag of economic reports from Canada, w Show less Read more
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