As one half of the duo managing my family

According to a BMO Capital Markets report we will be flocking to the border states as a result of higher duty-free limits that were announced hannah anderson in the federal budget and kicked in on June 1 this year. When these limit increases were announced earlier this year, I commented on how dumb I thought it was that our government was encouraging us to spend our money in America. Sure their economy needs a boost, but is that really our job?
The hannah anderson new duty-free limits hannah anderson go up by 400% for stays of more than 24 hours rising from $50 to $200. Limits for visits longer than 48 hours will double from $400 to $800. That ll help all the border cities local economies crash and burn as residents cross the border for not only for cheaper food and gas but just about everything else. It s estimated that U.S. prices are about 14% less than Canadian prices, so how will local retailers this side of the border compete?
They don t stand a chance. Since Canadian retailers face higher tariffs for finished goods from Asia and are charged more by suppliers, higher prices for consumers won t be able to compete with cheaper, and now duty-free, imports from the U.S.
The last time retailers were faced with huge cross-border shopping numbers was after the GST was brought into effect and the strong Canadian dollar made cheaper U.S. products very appealing. The question now is whether the heightened border regulations will be enough to stop Canadians from spending their hard earned money in the good ol U.S. of A, as opposed to in their own local economies.
According to the Bank of Canada, hannah anderson cross-border shopping accounts for less than 2% consumer spending, and thus isn t a big macroeconomic issue. Tell that to the communities around the border where real people will see even more real jobs disappear as we honk and lurch our way through the long line-ups to save 20-30% on a name-brand handbag or a new computer. And, since the Bank of Canada s numbers are based on declared goods purchased, it actually has no idea how much Canadians are really spending (and will continue to spend) across the border.
This carrot was thrown at us as a distraction from the fact that they were increasing the age at which Old Age Security would be going out. So young uns, feel free to shop your brains out in the U.S. to save money. Just remember to stash your savings hannah anderson in a retirement account because hannah anderson you re going to need it later.
We do cross boarder shop for some things. As an area with a rural economy there are many things we can’t get. We got custom made bedroom furniture in Maine made of solid wood for less money than particle board big box furniture here in Canada. I had tried for months to find solid wood furniture here in our area of Canada and there was nothing at all available. Even when you are willing to shop in 3 or 4 different provinces you can’t always obtain what you want even if you are willing to pay extra for it.
As one half of the duo managing my family’s finances, my goal is to be the most fiscally responsible I can for the family spending – getting to the end of the month before the end of the money, as Gail would say.
I live in a very small (about 1000 people) Canadian village in a rural area near the US border. Local merchants will say it’s places like Wal-Mart and other discounted retailers that hurt small stores more. I agree. I don’t shop in the US on a weekly basis (more like 3 times a year) but I will shop wherever I can get weekly staples (mostly groceries) at the lowest price for the value. Which means I might buy my milk and coffee and Wal-Mart and my produce at the local farmer’s market. It also means I shop at second-hand stores for clothes. Vintage stores are great for maintaining a classic low-cost wardrobe.
I find the label of cross-border shopping somewhat misleading, unless hannah anderson folks are travelling across the border for shopping alone. Which I have done in the past. Until we had a few Wal-Marts and Superstores in my area, the best grocery selection and pricing by far was across the border. For my family now, cross-border shopping happens in conjunction with a cross-border vacation. And I don’t need to justify hannah anderson where I take my vacations or why.
One hannah anderson year I went with a group of friends on a Black Friday trip. And to my great suprise, it was a great trip! First off, the customer service is much friendlier (compared to where I routinely shop in Canada) south of the border, the selection is greater hannah anderson and the prices were phenomenol. And shopping hannah anderson centres were large enough to handle the volume of shoppers and there were more than enough clerks and cashiers on hand. I raved about that weekend experience for months.
I work in a large Canadian city and during the daily commute recently, the radio host was interviewing the manager of a large retail centre. They were rapidly trying to expand and offer all sorts of things a shopper might find in the US. Wh