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B.C. retail sales `to slow`
VANCOUVER -- A slowing economy will put the brakes on B.C. retail sales growth through 2009, according to a Central 1 Credit Union report.
Retail sales throughout the province rose by 6.7 per cent last year to top the $56-billion mark but growth is expected to slow to 5.5 per cent this year and 3.1 per cent in 2009.
"B.C.`s multi-year run of robust growth in retail sales is forecast to slow," the report said, noting retailers face "headwinds" from a sharp drop in the U.S. economy, a strong Canadian dollar, high fuel prices and higher interest rates.
http://www.canada.com/victoriatimescolonis...6a-7ddea7913626
VANCOUVER -- A slowing economy will put the brakes on B.C. retail sales growth through 2009, according to a Central 1 Credit Union report.
Retail sales throughout the province rose by 6.7 per cent last year to top the $56-billion mark but growth is expected to slow to 5.5 per cent this year and 3.1 per cent in 2009.
"B.C.`s multi-year run of robust growth in retail sales is forecast to slow," the report said, noting retailers face "headwinds" from a sharp drop in the U.S. economy, a strong Canadian dollar, high fuel prices and higher interest rates.
http://www.canada.com/victoriatimescolonis...6a-7ddea7913626