0846 ET - Canadian retailers will have the flexibility to pass on the cost of U.S.' trade tariffs onto consumers, TD Cowen's Brian Morrison says in a report. He believes a number of Canadian retailers will be more or less sheltered from the harms of the tariffs "influenced by the origin of manufacturing (China), U.S. sales exposure, and elasticity of demand." He says that retailers will pass on the exposure to the consumers, which should ultimately be manageable. Where the real risk lies will be in the duration and its effect on consumer spending power. Based on TD's coverage, the most exposed are Spin Master, Groupe Dynamite, Aritzia, while Gildan, Canadian Tire, Dollarama, and Roots should see limited direct exposure. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
February 03, 2025 08:46 ET (13:46 GMT)
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