Strong loonie... Hey STEVE!!
Consumers not benefiting from strong loonie
This article makes a very important point. Canadian consumers should be benefiting from the strong showing by the loonie, but instead we continue to pay 30% more for cars, magazines, books, and all sorts of consumer goods.
So what's a government to do?
Well, they could take the route of penalizing retailers who fail to pass on savings.... that would be the NDP point of view.
They could do nothing and just let the market reign... that would be the Conservatory approach.
Or the government could make a huge difference with one small stroke of the pen and a quick regulation change (which likely wouldn't even need a vote in the House) and raise the day-trip personal exemption, remove duties on anything under $200 and let Canadians purchase more goods online duty-free from the United States with a monthly maximum exemption.
The problem is lack of competition. This is a pragmatic approach and it balances the market interests with those of the Canadian consumer.
A.L.
posted by A.L. @ 10:31 PM
2 comments
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2 Comments:
That happened nearly 20 years ago.
Except for a few specific items like alcohol and tobacco, there is no duty on any imports from the US.
Um, so how come when I come back from the US on a trip I am only allowed a certain dollar amount of goods?
Do you mean to tell me that the duty the border guard charged on goods over my personal exemption goes into his own pocket? That sneaky bastardo!
Um, yeah there are duties and limits. It's a fact.
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