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Canada retail sales fell in July amid rate increases

Summary by Ground News
Canadian retail sales fell more than expected in July, though they likely rebounded slightly in August, Statistics Canada data showed on Friday, indicating interest rate increases by the Bank of Canada are slowing consumer spending.

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Bias Distribution

  • 62% of the sources lean Left
62% Left
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Winnipeg Free Press broke the news in Winnipeg, Canada on Friday, September 23, 2022.
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