Canada May Retail Sales Likely Fall 0.6% After April Rebound [Yahoo! Finance Canada]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Receipts for retailers fell 0.6% in May, the biggest monthly decline since January, according to an advance estimate from Statistics Canada released Friday. That followed a 0.7% jump, matching expectations in a Bloomberg survey of economists. ADVERTISEMENT April's increase — the only gain in retail sales so far this year — was primarily driven by gasoline stations and fuel vendors, which likely benefited from higher prices. In volume terms, retail sales rose 0.5%. The largest decline in retail sales in April was posted by car dealers, which had been a driver of higher receipts for months. New vehicles led the drop. Excluding autos, receipts surged 1.8%, three times faster than expected. Core retail sales, which exclude gas stations and car dealers, increased 1.4% on higher sales at food and beverage stores. “Overall, the report suggests that consumer spending remain relatively weak and spending per person continues to ease,” Charles St-Arnaud, chi
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CM
Earnings
- 5/30/24 - Beat
CM
Sec Filings
- 6/27/24 - Form 424B2
- 6/27/24 - Form 424B2
- 6/27/24 - Form 424B2
- CM's page on the SEC website