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North America Weekly

U.S. Trade, Consumption and Weak Macroeconomic Data Show Downside for H2—Stay Tuned; Bank of Canada—No Move Until Q4 2011

UNITED STATES

By Prajakta Bhide and Syed Rahman

Weak Macroeconomic Data Points to a Downside to H2 Activity

  • Core retail sales posted a weak monthly gain in June, close to expectations. Together with prior data showing a decline in inflation-adjusted[...]

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