» Insights: Strong Loonie, Duty Free Changes Distorting U.S. and Canada Retail Sales Numbers? Decision Economics

Insights: Strong Loonie, Duty Free Changes Distorting U.S. and Canada Retail Sales Numbers?

Posted September 6, 2012 by rvillareal

Strong Loonie, Duty Free Changes Distorting U.S. and Canada Retail Sales Numbers?

 

  • Canadian consumer showing weakness;U.S.consumer showing relative strength.
  • Duty free changes effective June 1 allow Canadian consumers to bring back four times as many tax-exempt goods from theU.S.. Combined with a relatively stronger loonie and relatively higher Canadian prices, Canadian consumers have a strong incentive to head south.
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