* Inflation rises to 0.7 pct from 0.4 pct, still well below target * Retail sales weaker than expected, volumes healthy * Canadian dollar slumps to 19-month low after the data * New central bank chief under little pressure to uphold tightening bias By Louise Egan OTTAWA, June 21 (Reuters) - A jump in natural gas prices raised Canada's annual rate of inflation to 0.7 percent in May from a 3-1/2-year low of 0.4 percent, ...
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