WRAPUP 1-Canadian economy shows unexpected October strength

Newswire

By David Ljunggren OTTAWA, Dec 21 (Reuters) - Canadian retail sales and gross domestic product were unexpectedly strong in October, figures released on Friday showed, but analysts said they were probably not strong enough to prevent the Bank of Canada from cutting interest rates again early next month. Statistics Canada released data showing retail sales edged up by 0.1 percent in October from September, while GDP grew by 0.2 percent. Analysts had expected retail sales to drop by 0.2 ...

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