1125 ET - Canadian spending looks to be holding up better than consumer confidence so far, though escalating trade worries and the potential for another round of significant U.S. tariff increases in April could mount pressure on retail sales in the months ahead, Royal Bank of Canada's Rachel Battaglia and Abbey Xu say. The Conference Board of Canada's index of consumer confidence fell 32% from January to March as the U.S.-Canada trade conflict intensified. Royal Bank's tracking of card transactions shows a 0.2% fall in spending on retail goods in February, broadly in line with Statistics Canada's estimate retail sales fell 0.4% on-month. The economists note spending on discretionary goods fell, but was little changed on discretionary services and essentials. (robb.stewart@wsj.com; @RobbMStewart)
(END) Dow Jones Newswires
March 26, 2025 11:26 ET (15:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。