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Canada's Retail Sales Boost by 1.2% in August | Markets & Money News
Canada's retail sales climbed 1.2% in August, reaching CAD 74.57 billion, marking a recovery from the previous month's decline. The increase was driven largely by gains in motor vehicle and parts sales, which constitute over 25% of overall retail figures. Every retail subsector showed growth, indicating a strong economic outlook. Looking forward, preliminary estimates suggest a further 0.7% rise in September. Meanwhile, the Bank of Canada is preparing for an upcoming policy decision amidst
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