The European economy may take longer to heal
There have been consecutive months of record-breaking gains and sales are up from a year ago
Sales soared 23.7% in June to $53.0 billion, StatsCan said, as it also revised its May reading
However, growing evidence suggests that sales could be slowing
Sales climbed a record 20.7% in June, though they're still below their pre-pandemic level
It was the first monthly spending increase since the pandemic hit
Impact on household numbers matches financial crisis
Short-term trends appear rosy, but end of CERB looms
Americans who have applied for unemployment has topped 1 million for 19 straight weeks
The increase in GDP beat economists' expectations