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ForexForexLive

Canada August retail sales +1.2% vs +1.3% expected

The advance August reading was +1.3% Prior was -0.7% Sales up in all 9 subsectors, led by motor vehicles Ex-autos +1.2% vs +1.0% expected Prior ex-autos was -0.7% September advance sales +0.7% The advance (or flash) reading is the real market mover in this report now as it generally corresponds with the final reading. The +0.7% m/m number for September is a good sign of ongoing strength. RBC last…

CommodityOilPrice.com

U.S. Partner in Venezuela Oil Deal Looks to Hike Crude Production

The privately held company that’s partnering with the U.S. Administration to boost oil production in Venezuela has raised output by about 20,000 barrels per day (bpd) since August and plans to soon add more rigs to further hike production. North American Blue Energy Partners (NABEP), announced by the White House in August as one of the U.S. Administration’s partners in “the biggest oil deal in…

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