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Canada's Retail Rebounds: December Sees 1.6% Surge

1/24/2025

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Summary

Story summary

Canada's retail landscape is a tale of two months: November stagnated at 0%, while December surged by 1.6%, marking its best performance since January 2023. This rebound, fueled by bold rate cuts from the Bank of Canada and a federal sales tax holiday, contrasts with a 1.0% dip in core sales in November, highlighting persistent economic hurdles.

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Story summary

Canada's retail landscape is a tale of two months: November stagnated at 0%, while December surged by 1.6%, marking its best performance since January 2023. This rebound, fueled by bold rate cuts from the Bank of Canada and a federal sales tax holiday, contrasts with a 1.0% dip in core sales in November, highlighting persistent economic hurdles.