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An economic malaise running through the nation’s capital may have claimed another victim.

Elgin Sports, which is located on the corner of Bank and Albert street, has announced plans to close its doors in the coming weeks.

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The store, which was founded on Elgin Street in 1946, is holding a liquidation sale to get rid of remaining stock before its lease expires.

It sells everything from sportswear to shoes and equipment for a number of sports.

The store is the latest in a string of Ottawa businesses to announce its closure.

Recent economic data from Statistics Canada and card payment processing giant Moneris Solutions Corp. suggests that, while consumers are spending slightly more than they were a year ago, the increase is largely going towards the higher prices for food, insurance, taxes and other essentials, leaving less to spread around on luxury items.