Retail sales rose in April [Investment Executive - News]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Investment Executive - News
The agency said Friday sales were up in seven of the nine subsectors it tracks as sales at gasoline stations and fuel vendors gained 4.5%. However, Statistics Canada added that its advance estimate for retail sales in May pointed to a decline of 0.6%, though it cautioned the figure would be revised. “The overall trend in spending points to softness, with the three-month average growth rate barely moving into positive territory in April, then reverting back in May,” TD Bank economist Maria Solovieva wrote in report. “Additionally, recent industry data highlights sluggish demand in auto sales will spill over to the rest of the quarter, weighing on durable goods spending.” The motor vehicle and parts dealers group posted the largest drop in April as it fell 2.2% with sales at new car dealers down 2.9%. Core retail sales — which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers — rose 1.4% in April. Sales at food and beverage retailers gained 1.9%, while
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- 6/26/24 - Form 424B2
- 6/26/24 - Form 424B2
- 6/26/24 - Form 424B2
- TD's page on the SEC website