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Target Corp. (TGT) announced its financial results for the third quarter of fiscal year 2013, which were weighed down dramatically due to dismal results in its Canadian operations. The second-largest retailer by sales in the United States, behind only Wal-Mart, has been exploring ways to increase its revenue in a sluggish economy with cautious consumer spending. Target posted earnings of $341M and $0.54 per share, down 46% from $637M and $0.96 per share a year ago. These results were weighed down from a $238M loss reported by its Canadian operations. Performance in the United States was positive, with same-store sales improving 0.9% while overall sales increased 2% to $16.9B. CEO Gregg Steinhafel remarked that the company’s results reflect its ability to execute well in the U.S., despite constrained consumer spending.