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Another V-shape chart making the rounds comes from the Canadian June Retail Sales data. It bounced strongly, up 23.7% MoM, showing a consumer willing to spend again and triggering hopes of further upside potential.
What is even more important is the June data exceeded February retail sales volume. In other words, Retail Sales, a critical economic indicator for any economy, is back above pre-pandemic levels.
Details of the June 2020 Canadian Retail Sales and the…
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