UPDATE 1-Canada rate cut seen more likely after weak data

Newswire

(Adds analyst comments, details) By David Ljunggren OTTAWA, Feb 26 (Reuters) - Canada said on Thursday that retail sales fell in December and the fourth quarter current account surplus narrowed, data which pointed to a fragile economy and raised the chances of a new interest rate cut next week. Statistics Canada said retail sales dropped by 1.2 percent in December -- greater than the 0.4 percent drop expected by analysts -- on lower vehicles sales. It was the largest month-on-month ...

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