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-0.000212901852246072 -0.00127741111347658 -0.000425803704492144 0.000638705556738368 0.00361933148818398 0.00361933148818398 0.00361933148818398 0.00361933148818398
Stock impact report

Retail sales were up in January but the energy price shock is set to squeeze consumers [Yahoo! Finance Canada]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
These figures were softer than the agency's advance estimate, “extending the see-saw pattern that's been in place for a year,” said Shelly Kaushik, senior economist at Bank of Montreal (BMO) in a note. However, the January update and advance estimates for February (also about a one per cent increase) indicate retail sales volumes for the first quarter of 2026 could post their strongest quarterly gain since the fourth quarter of 2024, said Andrew Grantham, senior economist at Canadian Imperial Bank of Commerce (CIBC), in a note. Sales were up in six of nine subsectors and led by a two per cent rebound at motor vehicle and parts dealers, following a 1.6 per cent decline in December. This was due to higher sales at new car dealers (up 2.5 per cent) and other motor vehicle dealers (up 5.6 per cent), while sales of used cars declined three per cent. Core retail sales, which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers, rose 0.9 per cent in January. Show less Read more
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