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Retail Sales in Canada to Climb at Slower Pace
Slightly higher gasoline prices likely helped retail trade in March, as Canadians freed up spending habits amid more mild weather conditions. Retail sales are estimated to have advanced 0.3% during the third month of the year, after jumping 1.7% in February. Core retail sales figures that exclude automobile sales due to volatility potentially distorting the underlying trend, are projected to increase 0.4% after surging 2% the previous month. Statistics Canada will publish fresh retail sales data on Friday at 12:30pm GMT. Positive retail trade could boost the loonie against its major peers, but more attention is ... (full story)