So I’m reading my news this morning and here’s a new story on cross-border shopping from CTV News http://www.ctvnews.ca/business/cross-border-shopping-doubles-but-remains-small-fraction-of-retail-1.2044666 on a new report from Stats Can.
Here it is in black and white, so all you detractors that say we, cross-border shoppers, are killing Canadian Retailers they, Stats Canada, say au contraire! Here are the facts…http://www.statcan.gc.ca/daily-quotidien/141008/dq141008a-eng.htm?HPA
Cross-border shopping by Canadians in the United States was an estimated $4.7 billion in 2006, according to the study. Since then, annual increases, with the exception of a decline in 2009, have taken the total to $8.0 billion in 2012, 72% higher than in 2006.
Cross-border shopping by Canadians in the United States accounted for 1.7 per cent of total Canadian retail sales in 2012 – even with those increases, purchases from the United States were between 1% and 2% of total Canadian retail sales.