Canada gets double blow on inflation, retail trade

February 27, 2013

The following is excerpted from the 22 February 2013 edition of Reuters Canada.

Last month the Bank of Canada already cut its fourth quarter growth forecast to 1.0 percent from 2.5 percent. December growth is likely to be disappointing given poor manufacturing and wholesale and now retail trade. Statscan is to release December and fourth quarter gross domestic product data on March 1.

In volume terms, used for calculating real gross domestic product moves, retail sales fell 1.6 percent.

This article is available in its entirety at:
http://ca.reuters.com/article/domesticNews/idCABRE91L0KS20130222?pageNumber=2&virtualBrandChannel=0

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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