CORRECTED - WRAPUP 1-Canada retail sales signal slowdown, not recession

Newswire

(Corrects second and third paragraph to clarify that sales rose 1.4 percent excluding auto sales only, not excluding auto and gasoline sales.) By Louise Egan OTTAWA, Aug 20 (Reuters) - The value of Canadian retail sales climbed 0.5 percent in June due to soaring gasoline prices, but in volume terms sales fell, indicating consumer spending is slowing but not enough to drag the economy into recession. Statistics Canada said on Wednesday that retail sales fell 0.4 percent on the month ...

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