Canada's retail sales flatlined in the first quarter of 2024 [BNN Bloomberg (Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: BNN Bloomberg
Receipts for retailers were unchanged in March, according to an advance estimate from Statistics Canada released Wednesday. That followed a 0.1 per cent drop in February, missing expectations for a 0.1 per cent gain in a Bloomberg survey. Taken together with the 0.3 per cent plunge in January sales, the figures point to a flat reading in the first three months of the year, the weakest pace since the second quarter of 2023. After the release, yields on two-year Canadian government bonds fell about three basis points to 4.25 per cent, while the loonie weakened about 0.3 per cent to $1.372 per U.S. dollar as of 9:08 a.m. Ottawa time. February's decline was led by lower sales at gas stations, while car sales rose. Excluding these two subsectors, core retail sales were unchanged. All in, the report shows consumers cutting back on discretionary products including clothing and accessories as well as sporting goods. In volume terms, retail sales decreased 0.3 per cent in February. Ex
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TD
Earnings
- 2/29/24 - Beat
TD
Sec Filings
- 5/3/24 - Form 424B2
- 5/3/24 - Form 424B2
- 5/3/24 - Form 424B2
- TD's page on the SEC website