July boost in Canadian retail sales welcome, but more rate cuts needed: analysts
Statistics Canada says retail sales rose 0.9 per cent to $66.4 billion in July, helped by stronger new car sales. Analysts say the the rise came amid Bank of Canada's July rate cut, but that more cuts are needed to spark lasting results.
Statistics Canada says retail sales rose 0.9 per cent to $66.4 billion in July, helped by stronger new car sales. Analysts say the the rise came amid Bank of Canada's July rate cut, but that more cuts are needed to spark lasting results.
