Canada Goose Stock Soars
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Canada Goose sales unexpectedly rose in the latest quarter, as consumers showed little hesitation to spend on pricey coats and apparel despite a deteriorating consumer backdrop.
Canada Goose Holdings Inc. said US tariffs have only made a minimal impact on the maker of high-end coats and winter gear, due to its Canada-based supply chain.The company, known for its $1,500 parkas,
Business Matters: Luxury parka retailer Canada Goose withholds annual forecast on tariff uncertainty
Canada Goose on Wednesday refrained from providing its fiscal 2026 forecast due to uncertainty stemming from the implementation of U.S. President Donald Trump’s tariffs. However, the Toronto-based luxury retailer reported strong Q4 sales.
The Canadian maker of high-end coats said that it is in good shape to manage through the impact of tariffs at the moment, with three-quarters of its products being made in Canada and currently exempt from any U.
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Canada Goose shares soar as company sees 'minimal' impact from tariffsCanada Goose Holdings Inc. executives say tariffs are having little impact on the business, but the uncertainty they pose is great enough that the company is withholding its outlook for this fiscal year.
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Canada's main stock index pulled back from a record high on Wednesday as long-term borrowing costs climbed and investors took stock of recent gains for the market.