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MNI DATA REACT: Canada Retailer Sentiment Rose Amid BOC Worry 

--Small Business Barometer Shows Biggest Retailer Gain In a Year
By Greg Quinn
     OTTAWA (MNI) - Canadian retailer confidence rose the most in more than a
year in February, suggesting resilience in domestic spending as the Bank of
Canada considers a rate cut to boost demand.
     The Canadian Federation of Independent Business said its retail index
climbed 8.6 points to 61.0, the second-biggest gain among the 13 industries it
tracks. The headline Barometer climbed 5.2 to 60.5, the highest since August
according to a report Thursday. 
     Other industries linked to consumer spending also advanced, including
hospitality and arts and recreation.
     The CFIB does one of the most detailed monthly surveys of business
sentiment across its 110,000 members, and the current poll had 839 responses.
Most of them were gathered early in the month before railway blockades that
disrupted shipments between Toronto and Montreal.
     "It looks like there is some cautious optimism in the small business sector
early in the month," said Ted Mallett, CFIB's chief economist.
     The biggest February gain was for natural resource companies, which have
been battered in recent years by lower oil prices and the U.S.-China trade
dispute. Only two industries showed small declines in February: transport and
financial services. 
--MNI Ottawa Bureau; +1 613-314-9647; email: greg.quinn@marketnews.com
[TOPICS: MACDS$,M$C$$$]
Data StoriesImpactDataPolicy NewsCanadaAPACChina Bank of Canada Market NewsRegionNorth America
Data StoriesImpactDataPolicy NewsCanadaAPACChina Bank of Canada Market NewsRegionNorth America
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