Blog > International Investing > Dollar Decline: Canadians are flooding across the U.S. border this holiday shopping season.
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Dollar Decline: Canadians are flooding across the U.S. border this holiday shopping season.

Posted November 24, 2007

“Funny how a lower currency exchange rate translates into higher competitiveness in a global economy.” — J. Christoph Amberger

TFN

Baltimore — (TFN): Canadians are pouring across the border to take advantage of the strong Canadian dollar, lower sales taxes, and the fact that Canadian retailers have kept their prices artificially high from the days when the loonie was weak.

I don’t think US retailers along the northern border are complaining about the low dollar right now.

Funny how a lower currency exchange rate translates into higher competitiveness in a global economy. And to think US manufacturers and exporters were clamoring for just that as far back as 2001…

Listen to the NPR report.

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Posted by J. Christoph Amberger · Filed Under International Investing 

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