A sign of softness is creeping in for Canadian consumers ...Middle East

The company reported earnings today and it painted a picture of a sluggish consumer.

Same store sales at the flagship store up 1.1% vs +2.9% consensusIn Q4 essential items up 4.2% but discretionary items -2%In the 2024 year, discretionary fell 5%Mark's +1.8% vs +2.6% consensusSport Chek +0.4% vs +2.3% consensus

Greg Hicks, President and CEO said they are "observing economic green shoots" on sentiment and spending but also said "consumer demand remained constrained in discretionary categories."

I also gather than Canadians are very disturbed by all the tariffs talk from the US and that could reverberate in later months.

This article was written by Adam Button at www.forexlive.com.

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