U.S. retail sales bounced back by record 17% in May from April’s low

U.S. retail sales bounced back by record 17% in May from April’s low

June 16, 2020

“With fear of a second wave of infections putting limits on household activity, and stepped-up unemployment benefits, Economic Impact Payments and the small-business Paycheck Protection Program all set to expire in coming weeks, the economy’s gains remain vulnerable,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, to CBC News.

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