By  on March 18, 2014

Moody's Investors Service expects growing competition from U.S. retailers and attempts to control household debt to limit Canadian retailers’ potential for sales and profit gains this year.

Moody’s projected retail sales growth in Canada, excluding automotive and gasoline, of between 1.5 and 2 percent in 2014 compared with growth of 1.6 percent in 2013. Among a group of nine Canadian-based retailers — including supermarket operators Loblaw, Sobeys and Metro and general merchandise retailer Canadian Tire — operating income is expected to expand between 2 and 2.5 percent, lower than the 2013 pace of 3 percent.

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