Economics
Canadian Retail Sales Slipped in September Amid Supply Constraints
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Retailers in Canada reported fewer sales in September amid supply chain bottlenecks and a reopening of the economy that allowed consumers to spend more on services.
Receipts likely fell 1.9%, a preliminary estimate released Friday by Statistics Canada indicated, after a gain of 2.1% in August -- slightly ahead of a 2% consensus estimate in a Bloomberg survey of economists. The early estimate for September doesn’t provide any details on the reasons for the pullback.