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The Economic Times
The Economic Times
Business

Retail sales growth slowed in April from March as higher gas cost leaves less room for nonessentials

Japanese auto giant Honda said Thursday its plans to build a multi-billion-dollar electric vehicle plant in Canada have been "indefinitely suspended," marking another blow to the country's tariff-hit auto sector.

Canada had hoped to become a global EV production powerhouse, inking massive government-backed deals with leading automakers like Honda and Germany's Volkswagen -- but those ambitions are fraying.

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