Here are the takeaways as the global elite leave the Alps.
The motor vehicle and parts dealers subsector gained 3.0 per cent, led primarily by sales at new car dealers. Food and beverage stores saw sales rise 0.9 per cent, while building material and garden equipment and supplies dealers reported an increase of 2.1 per cent.
China’s efforts to contain the coronavirus are being called “unprecedented” by a health expert quoted by Bloomberg News, with an estimated 40 million people covered by a lockdown on the eve of Lunar New Year.
Lacklustre consumer spending is one of the main reasons the central bank abruptly changed messaging at a rate decision Wednesday, as officials expressed concern that a sharp economic slowdown in the fourth quarter may persist.
While no cases of the new SARS-like virus have been confirmed in Canada, a major spread of the disease couldn’t come at a worse time for the nation’s economy.
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