(Bloomberg) -- Canadian retail sales rose by more than expected in June, with data also pointing to a rebound in activity in July. Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysIndia First to Land Near Moon South Pole After Russia FailsBonds Rally on Weak Data as US Jobs Revisions Loom: Markets WrapReceipts for retaile
Behind every successful man, there's a woman and these ladies prove this to be true everydayU.S. business activity approached the stagnation point in August, with growth at its weakest since February as demand for new business in the vast service sector contracted. S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a reading of 50.4 in August from 52 in July, the biggest drop since November 2022.
Shares of Foot Locker plunged in early trading after reporting a nearly 10% year-over-year drop in revenue and slashing its guidance. It's a different story for Abercrombie & Fitch , which reported quarterly results that crushed analyst estimates. Yahoo Finance Live breaks down what these retail earnings say about the state of the consumer.All eyes are on chipmaker Nvidia ahead of its second-quarter earnings due out after today's closing bell.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada retail sales rose 0.4% in July and beat June estimateCanadian retail sales rose by more than expected in June, with data also pointing to a rebound in activity in July.
Read more »
Statistics Canada reports retail sales up 0.1% in June at $65.9 billionOTTAWA — Statistics Canada says retail sales rose 0.1 per cent to $65.9 billion in June, lifted by sales at new car dealers.
Read more »
Canadian retail sales up 0.1% in June, boosted by increases at motor vehicle and parts dealersStatistics Canada said in a flash estimate on Wednesday that retail sales were also likely up 0.4% in July
Read more »
Top 10 largest construction project starts in Canada and Trend Graph - July 2023 - constructconnect.comThe accompanying table records the 10 largest construction project starts in Canada in July 2023. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the civil and non-residential building categories in Canada. Ther
Read more »
Peter Hall: Why the Bank of Canada should ignore the July inflation spikeIt’s preliminary at best to conclude that the latest inflation data force the Bank of Canada into further interest rate increases. Read on.
Read more »
Peter Hall: Why the Bank of Canada should ignore the July inflation spikeIt’s preliminary at best to conclude that the latest inflation data force the Bank of Canada into further interest rate increases. Read on.
Read more »