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Stock impact report

Price wars won't rescue Canadian small business from holiday crunch [Wealth Professional (Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Consumer spending pullback is reshaping the holiday shopping season, presenting both risks and opportunities for investors tracking small business performance and retail dynamics. More than 70 percent of Canadian small businesses expect either flat or lower sales this season, according to the Canadian Federation of Independent Business (CFIB). The pressure stems from widespread consumer caution—about 40 percent of Canadians plan to trim their spending due to rising cost of living, while more than 40 percent are cutting back on travel and decorations, according to Bank of Montreal data. The economic uncertainty has real teeth. As reported by CBC News , a Bank of Canada survey found that trade action uncertainty is “significantly dampening” consumer spending expectations. For context, approximately one third of Canadian small businesses are relying on holiday season sales to stabilize their operations. As per the Retail Council of Canada (RCC), price has become the primary Show less Read more
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