21:02:25 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,202,300,610
Close 2016-04-22 C$ 65.29
Market Cap C$ 78,498,206,827
Recent Sedar Documents

Globe says TD, rivals hear consumer outlook brightening

2016-04-25 05:11 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Globe and Mail reports in its Saturday, April 23, edition that Friday's double whammy of key economic information from Statistics Canada -- retail sales and inflation -- suggests the Bank of Canada's rate policy may become a victim of its own success. The Globe's David Parkinson writes that Statscan reported that February retail sales climbed a solid 0.4 per cent from January. March's consumer price index inflation came in at 1.3 per cent year over year, higher than economists had expected. The core measure of inflation jumped to 2.1 per cent from 1.9 per cent. Both were considerable surprises. Retail sales had been widely expected to take a step backward in the month. The retail sales numbers put economic growth back on schedule for a strong first quarter -- perhaps north of 3 per cent annualized. Core inflation is in territory where an inflation-targeting central bank would typically start mulling whether a rate increase would be appropriate to cool the price pressures. Retail sales momentum appears to have accelerated markedly in early 2016. The blistering pace may now be fuelling consumer inflation to heights where the BOC will have to start taking notice.

© 2024 Canjex Publishing Ltd. All rights reserved.