UPDATE 3-Canada retail sales throw doubt on rate-hike view

Newswire

(Adds analysts' comments, detail) By Louise Egan OTTAWA, June 21 (Reuters) - Growth in Canadian retail sales in April was lower than expected, undermining the widely-held view that a Bank of Canada interest rate hike in July is almost a certainty. Retail sales climbed 0.4 percent in April from March, largely on the strength of new car and gasoline sales, Statistics Canada said on Thursday. Excluding the auto sector, which saw gains of 1.6 percent, sales were flat in the month. ...

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