Canadian retail sales start 2026 strong at 1.1% as autos lead gains [Wealth Professional (Canada)]
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
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Source: Wealth Professional
Canadians kicked off 2026 with a solid rebound in spending, but a looming surge in gasoline prices threatens to test how long that strength can last. Statistics Canada revealed retail sales rose 1.1 percent to $70.7bn in January, with volumes up 1.0 percent. Sales increased in six of nine subsectors, led by motor vehicle and parts dealers, which posted a 2.0 percent gain after a 1.6 percent drop in December. Statistics Canada said new car dealers drove the subsector higher with a 2.5 percent increase, while other motor vehicle dealers climbed 5.6 percent and used car dealers fell 3.0 percent. Financial Post reported that January's 1.1 percent increase and an expected gain of about one percent in February suggest retail sales volumes in the first quarter of 2026 could log their strongest quarterly advance since the fourth quarter of 2024, CIBC senior economist Andrew Grantham said. BNN Bloomberg reported that Grantham described it as “a solid start to the year for retail sal
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BMO
Earnings
- 2/25/26 - Beat
BMO
Sec Filings
- 3/23/26 - Form FWP
- 3/23/26 - Form FWP
- 3/20/26 - Form 424B2
- BMO's page on the SEC website