Canadian Consumer Hit By Fears Over US

Retail sales in Canada unexpectedly fell by 0.1% month-on-month in July. This compares to a consensus forecast of 0.6% growth in a Reuters Poll and indicates that, while the country has registered a strong economic recovery, consumers remain cautious and that external factors, including continued weakness in the US, have not gone unnoticed. This caution is reflected in the strategy of retailers, who have continued to focus on price and

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