Everything You Need to Know on Friday: Aritzia Sales Beat Estimates on New Designs, U.S. Expansion

Good morning mooers! Here are things you need to know about today's market:

● S&P/TSX 60 Index Standard Futures are trading at 1,354.50, up 0.29%

● Gold pulls back after previous day's spike

● Canada Goose slightly up in U.S. pre-market after naming new chief Digital & Information officer

● TD hires regulatory experts for its anti-money laundering team amid probes of controls

● Aritzia sales beat estimates on new designs, U.S. expansion

Today, the Canadian dollar is trading at 73.34 cents US, a slight decrease from previous close.

S&P/TSX 60 Index Standard Futures are trading at 1,354.50, up 0.29% from previous close.

After Thursday's surge in response to the US Consumer Price Index (CPI) data release for June, which indicated a slowdown in inflation, gold experienced a retreat on Friday. The anticipation of a potential Federal Reserve interest rate reduction sparked a rally in gold prices, but the metal saw one percent decrease before the US market opens, trading at approximately $2,400. This pullback reflects traders taking profits and recalibrating after the previous day's enthusiastic trading activity.

Tan brings experience from his former position as senior vice president and managing director of the retail media division at Loblaw Companies. Additionally, he has a notable background in the airline industry, having served as the inaugural chief digital officer and chief innovation officer at WestJet Airlines.

Tan expressed optimism about his new role, stating, "I believe there is tremendous opportunity ahead for Canada Goose as we leverage technology to deliver world-class experiences and contribute to the growth of Canada Goose globally."

Over the past year has tapped external regulatory and risk management experts to join its ranks while executives have departed the bank as the lender remediates weaknesses in its risks and controls procedures, the report said.

The latest moves will see Nathalie Martineau, an executive at the Financial Transactions and Reports Analysis Centre of Canada, join the bank as vice-president of anti-money laundering, governance and control for Canada, Europe and Asia-Pacific, according to an internal memo seen by The Globe.

Prior to working at FinTRAC, she worked at Canada's banking regulator the Office of the Superintendent of Financial Institutions Canada (OSFI), the International Monetary Fund and with other financial institutions, including Bank of Montreal and JPMorgan Chase. Ms. Martineau will join TD on Aug. 13.

Jennifer Wong, CEO of Aritzia, expressed optimism in a press release, citing strong customer reception to the latest fashion offerings and enduring classics. The retailer, which prides itself on providing "everyday luxury" women's clothing, is making strides in the U.S. with plans to inaugurate at least 10 new stores this fiscal year. While the majority of Aritzia's stores are in Canada, the U.S. market is proving to be more lucrative in terms of revenue.

The company is also enhancing its digital footprint. Despite a deceleration in e-commerce sales post-pandemic, Aritzia has been focusing on website improvements, broader in-store pickup options, and testing a mobile app to bolster online shopping experiences. This strategy has resulted in a 4.2% increase in online sales within the first quarter.