Bloomberg Canadian retail sales have rebounded sharply after historic declines in March and April, with vendors making up almost all of their pandemic losses, Statistics Canada reported. Receipts rose 19% in May, the agency said in its first full release for the month. June looks to have recorded another strong gain, with a flash estimate predicting another 25% increase. That ...

Bloomberg China vowed retaliation after the US forced the closure of its Houston consulate, prompting stocks to fall in one of the biggest blows to diplomatic ties between the two countries in decades. The US government gave China three days to close its consulate in America’s fourth-most populous city in an “unprecedented escalation,” Chinese Foreign Ministry spokesman Wang Wenbin told ...

Bloomberg Prime Minister Boris Johnson urged opponents of Britain’s departure from the European Union to “move on,” saying a Parliamentary report published found no evidence of Russian interference in the 2016 referendum. “What we have here is the rage and fury of the remainder elite finding that there is in fact nothing in this report, no smoking gun whatever,” Johnson ...