Disappointing retail picture could slow interest rate hikes

thestar.com – Business
22 March, 2011 12:28 PM
by Mary Gazze

Disappointing retail picture could slow interest rate hikes

Bank of Canada Governor Mark Carney is seen leaving his office in Ottawa in this July, 2010 photo.

Canadian retail sales fell unexpectedly in January, thanks primarily to a drop in new car sales, leading economists to suggest that weak consumer spending and low inflation will reassure the Bank of Canada to take its time raising interest rates.

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