Canadian Retailers Facing Rough 2012: Moody's

TORONTO — The outlook for the Canadian retail sector is stable although income growth will be sluggish in 2012, as elevated consumer leverage and intensifying competitive pressures will weigh on the sector's results, according to a new report from Moody's Investors Service.

"We expect the Canadian store-based retail sector will generate modest revenue growth of between 2%- 3% in 2012," Darren Kirk, Moody's vice president and senior credit offic

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