RPT-UPDATE 1-Canada retail sales surpass expectations in June

Newswire

(Repeats to additional subscribers) (Adds details) OTTAWA, Aug 24 (Reuters) - Canadian retail sales grew much faster than expected in June but much of the gain was due to higher prices in the month, especially for gasoline, Statistics Canada said on Monday. Sales jumped 1 percent from May, far surpassing the consensus forecast for a 0.2 percent increase. Consumers nevertheless bought 4.4 percent less in June than they did a year earlier, having scaled back spending throughout the ...

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