Toronto, May 21, 2015 -- Operating income growth in 2015 for nine Canadian retailers will decline year over year due to challenging economic conditions and weakness in the Canadian dollar. High household debt, slowing wage growth and layoffs will also dampen consumer spending. However, e-commerce growth, the exit of Target from the Canadian market, lower fuel prices and the strength of dollar stores will help ease some of this pressure, according to a report from Moody's Investors Service.

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