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flag Canadian retail sales dropped 1.1% in May but preliminary June data hints at a 1.6% rebound.

flag Canadian retail sales fell 1.1% in May to $69.2 billion, largely due to a drop in motor vehicle and parts dealers' sales. flag However, preliminary June figures indicate a potential 1.6% increase. flag Core sales, excluding auto and gas, stayed stable. flag Trade tensions affected 32% of retail businesses, down from 36% in April. flag The economy showed signs of recovery by the end of the second quarter.

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